Bitcoin rode the 2week wave and topped out just before the $10,000 mark. That play looks like the first wave of a major bull rally in the making and the current decline seems like a 2nd wave consolidation. I think this set-up presents a great opportunity to buy bitcoin for the longterm as a 3rd wave would be monumental if it played out.
Note
Nice dip so far..watch the crypto market closely this weekend. We might begin to see buyer feeling the market.Note
Looks like we have attracted some buy-side interest..now we wait for follow-throughNote
We may see another dipNote
We are here:Note
Dangerous possibility for buyers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.