Triangle on BTCUSD
If the lower support line holds true, we are witnessing a beautiful triangle formation on BTCUSD, suggesting that we are still in corrective wave (b), rather than, as many analysts would have it, being in wave 1 of (c). The actual move up is still about to happen. I am thus short term neutral, mid term bullish, long term bearish.
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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.