Bitcoin trend developing
Holding longs here for another breakout and possible another parabolic up to $320 ish. The consolidation triangle has now resolved decisively to the upside and we're meeting resistance at the old high, but it's probably only a matter of time. Strong support in the 240s and a good long prospect here, especially if we pull back before moving up.
That said, the bear market isn't decidedly over yet, but it's looking more promising now. We'll have to see a strong move into the upper 300s before that can be confirmed. For now, holding with confidence.
That said, the bear market isn't decidedly over yet, but it's looking more promising now. We'll have to see a strong move into the upper 300s before that can be confirmed. For now, holding with confidence.
Related publications
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.