Hello traders! Bitcoin (BTC) had an exciting weekend, reaching its highest level since July 2022 at around 31 000 $ before retracing slightly and consolidating in the $29.6k-31k $ range.
Based on technical analysis and market sentiment, we can expect a short-term dip in the coming days before a potential continuation of the uptrend.
I am waiting for a break of this ascending parallel channel: either above the upper line to go long, or a break below the middle line to go short. And I am talking of a daily candle close.
Overall, despite the short-term dip, the outlook for Bitcoin remains bullish.
Happy trading, and stay bullish!
Based on technical analysis and market sentiment, we can expect a short-term dip in the coming days before a potential continuation of the uptrend.
I am waiting for a break of this ascending parallel channel: either above the upper line to go long, or a break below the middle line to go short. And I am talking of a daily candle close.
Overall, despite the short-term dip, the outlook for Bitcoin remains bullish.
Happy trading, and stay bullish!
Note
If Bitcoin were to break below the 100 day EMA that'll be bad news
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
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.
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
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.