Ascending Triangle with Bitcoin. Will the measured move play out?
Pros -
1) Weak US Market
2) SPY 21.50 which is high for growth when we are headed for a recession.
3) Hedge for inflation
Cons -
1) Below 55 on the RSI
2) Weak positive momentum on the MACD
3) Bearish hammer pin is forming
Pros -
1) Weak US Market
2) SPY 21.50 which is high for growth when we are headed for a recession.
3) Hedge for inflation
Cons -
1) Below 55 on the RSI
2) Weak positive momentum on the MACD
3) Bearish hammer pin is forming
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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.