Dear crypto friends, here we are on Monday morning to check the future of the BTC.
From one side we have the bears: looooooong bearish and strong descending channel coming from 19k.
To the other side we have the bulls: long run up from 6k to 12k in a couple of week, already performed a breakthrough test during the weekend, currently still performing some tests.
Looking at btcusdlongs and btcusdshorts we seen that the number of longs is increasing and the shorts are decreasing -> bullish scenario
The volume is still low but apparently is not necessary to breakthrough the resistances.
Who is going to win? BULLS or BEARS, right now I vote for BULLS!
From one side we have the bears: looooooong bearish and strong descending channel coming from 19k.
To the other side we have the bulls: long run up from 6k to 12k in a couple of week, already performed a breakthrough test during the weekend, currently still performing some tests.
Looking at btcusdlongs and btcusdshorts we seen that the number of longs is increasing and the shorts are decreasing -> bullish scenario
The volume is still low but apparently is not necessary to breakthrough the resistances.
Who is going to win? BULLS or BEARS, right now I vote for BULLS!
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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.