BTC at crucial point in symmetrical triangle
Updated
I read stuff the last few days about BTC dropping and blah blah blah, but so far it has been moving quite safely within the triangle. If anything, it has been testing the upper resistance the last week, which is a good thing. I can't say I see a lot of selling pressure, but I am hardly a trader anyway ;) Just posting this to see what will happen the coming weeks!
Note
Currently fighting the slightly over $10.000 resistance zone. Currently in oversold conditions, so it remains to be seen whether this holds, but if it does, things might actually look up for BTC throughout the second half of 2020! I am very skeptical though, since our global economy isn't exactly thriving under corona, so why would people invest in BTC now? Although it could be argued that the doom and gloom hovering over traditional markets warrants some 'hedging' in the form of crypto-investements.
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.