Volume is decreasing on this sell off. Bullish.
Triangle is forming in short term price action. Bullish.
Near All Time High. Bullish.
In the 2017 Bull Cycle Bitcoin made a 100% gain above this channel. A 100% move in a short period of time, above the upper channel is likely to be the climax of this bull market and start the bear market. Analysts believe September 2022 will be the end of this Bull Market.
I'm a medium term swing trader. Don't use this for short term trade decisions. I hold most of my trades for weeks.
Triangle is forming in short term price action. Bullish.
Near All Time High. Bullish.
In the 2017 Bull Cycle Bitcoin made a 100% gain above this channel. A 100% move in a short period of time, above the upper channel is likely to be the climax of this bull market and start the bear market. Analysts believe September 2022 will be the end of this Bull Market.
I'm a medium term swing trader. Don't use this for short term trade decisions. I hold most of my trades for weeks.
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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.