We have been respecting the descending triangle (can be drawn from all time high or right before the dump). Price action and volume are both consolidating. Market will have to decide in the next 24-ish hours if it will break up or down. Will likely see a big drop as price falls through the bottom of the descending triangle... but it's BTC so who knows
Trade closed: target reached
Broke out and went absolutely parabolic. Congrats to anyone that reacted quick enough to capitalize on those longs!
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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.