If BTC's price remains within the price channel and continues to rise, traders may consider buying the asset, anticipating further gains like shown with the bars pattern.
However, if BTC's price breaks to the the support level traders may consider selling or shorting the asset creating lows seen last cycle resulting in modern day dot com bubble
However, if BTC's price breaks to the the support level traders may consider selling or shorting the asset creating lows seen last cycle resulting in modern day dot com bubble
Note
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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.