After a rally from 44K to 49.8K, BTC has been forming another bullish pennant since 8/21. I'd expect a run past 50K soon, followed by a correction. If the bottom trend line breaks, this idea is cancelled.
This is not financial advice. These are just my ideas and opinions.
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.
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.