Cautiously Bullish, and watching for signs of "real" demand
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The problem with going long right now actually has nothing to do with the chart. There have been some beautiful reversal patterns, like this head and shoulders.
The problem is the lack of "real" demand for BTC. Every chance the market gets to rebound, it slowly fades off.
Therefore, I'm cautiously bullish, and quick to cut losses if bulls cannot hold support.
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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.