On the daily chart, Bitcoin is trying to break out of the downtrend, but for me, there’s still no reliable signal to go long. And without that, I won’t be gambling in this casino.
It's good to see some consolidation at current level.
Interestingly, the uptrend remains intact on both the weekly and monthly charts. That adds a solid extra argument in favor of a long position—if a strong setup forms on the daily chart.
It's good to see some consolidation at current level.
Interestingly, the uptrend remains intact on both the weekly and monthly charts. That adds a solid extra argument in favor of a long position—if a strong setup forms on the daily chart.
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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.