When looking at weekly inverted BTC chart, we can see "bullish" triangle. We should play the break. Things look pretty bad but with halving around the corner, we could see a break down on this chart, which would result in break up in normal chart.
Note
So, if you are trading BTC upside down, this could be considered as a "break out" happening. We have to hold 7.4 if we want BTC to surviveNote
Well, we broke out. I dont recommend buying anything right now. You either want to catch a knife or wait for new trend. Safest buy is still above 14k, believe it or not.
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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.