I guess the correction is not over yet.
Of course, any analysis may be wrong. I have an alternative analysis.
My point is this: As long as the trend line that started on March 13, 2020 does not go up, the recent strong uptrend is a pullback or part of an Correction.
But: If Bitcoin can build a higher low and the downturn is now a slow downturn, it can think of an uptrend. Otherwise, the ceiling will not be conquered unless it breaks up with the strength of the trend line mentioned and the recent defeat is fake.
fallow us and post your comment
is not financial advice
Of course, any analysis may be wrong. I have an alternative analysis.
My point is this: As long as the trend line that started on March 13, 2020 does not go up, the recent strong uptrend is a pullback or part of an Correction.
But: If Bitcoin can build a higher low and the downturn is now a slow downturn, it can think of an uptrend. Otherwise, the ceiling will not be conquered unless it breaks up with the strength of the trend line mentioned and the recent defeat is fake.
fallow us and post your comment
is not financial advice
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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.