Bitcoin has been in an uptrend since July 21st after its miraculous exit from the descending triangle it was trapped in some time. it has been growing in form of an ascending channel as drawn here. the question is how long will it hold in the channel and from which way it will break out?
My personal gut is that it will visit values of around 51K before it retests and potentially breaks out of the channel to the downside. currently not taking any positions as the market volume is too low and negative divergence can already be seen in the 4H chart. let me know what you think.
My personal gut is that it will visit values of around 51K before it retests and potentially breaks out of the channel to the downside. currently not taking any positions as the market volume is too low and negative divergence can already be seen in the 4H chart. let me know what you think.
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.
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.