Bitcoin coiling around the 200 day for a final leg higher before its first real consolidation from the July 2021 lows. EW technicians would say we're setting up for leg 5 higher before ABC correction. Bitcoin clearly broke the downtrend on big volume so traders should lean bullish and buy dips.
If we get this correction in September, would be a great setup for Bitcoin and the rest of the crypto market to melt-up towards the end of the year as it has in previous cycles.
If we get this correction in September, would be a great setup for Bitcoin and the rest of the crypto market to melt-up towards the end of the year as it has in previous cycles.
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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.