BTCUSD - Crypto - Optionsplay
Last week, the crypto industry experienced a surge as the total market cap surpassed $1 trillion.
The asset is currently at a previously profitable sell spot which incidentally becomes a grey checkpoint considering the sheer power behind the rally-ride up to the level;
Now that the digital currency has surpassed the $21,000 threshold, is this the start of a more horizontal structure providing a positive signal for the long-term trading range? In the foreseeable term, the momentum is strongly bullish and a confirmed break predicts price increases. This may indicate a rise in investor confidence and a potential price increase for bitcoin.
A few boxes need to be checked off first...
Heed your DD!
Last week, the crypto industry experienced a surge as the total market cap surpassed $1 trillion.
The asset is currently at a previously profitable sell spot which incidentally becomes a grey checkpoint considering the sheer power behind the rally-ride up to the level;
Now that the digital currency has surpassed the $21,000 threshold, is this the start of a more horizontal structure providing a positive signal for the long-term trading range? In the foreseeable term, the momentum is strongly bullish and a confirmed break predicts price increases. This may indicate a rise in investor confidence and a potential price increase for bitcoin.
A few boxes need to be checked off first...
Heed your DD!
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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.