Bitcoin often shows many 'fake out's of common chart patterns like this triangle.
This traps over leveraged traders. The 50 week EMA in red implies that this will break to the upside leading to a move to 46k and beyond most likely to fill the CME gap at 48.3k some time in August.
Our eyes are on August 22nd for a major move upwards.
This traps over leveraged traders. The 50 week EMA in red implies that this will break to the upside leading to a move to 46k and beyond most likely to fill the CME gap at 48.3k some time in August.
Our eyes are on August 22nd for a major move upwards.
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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.
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.