BITCOIN// M Forming or Breakout?
Bitcoin is currency in a descending channel, and after the last W (Gartley) and retracement, price respected the resistance at the nose and is now in a slight uptrend towards the top of the channel.
This is a key area either for a breakout and path to 50k or a rejection to form the second leg of the M.
This is a key area either for a breakout and path to 50k or a rejection to form the second leg of the M.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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