Hi, this is my first published idea here on tradingview so go easy! I'm self taught, and still learning a lot, so please don't really take this as expert advice, more like novice advice, I want to just see if I'm on the right track, do you agree, etc..
There seems to be a triangle forming here that should either break up or down in the next few days. From looking at the charts, I feel like it's going to break out upward with strong resistance at around 3000. Or if it can manage to break through, then more resistance at 3500. Long term, though, I think we'll be in a bear market for at least a year comparing this bubble to the last one, so I think we'll see the trend start to form slowly down, thus the ? Hopefully I'm wrong.
There seems to be a triangle forming here that should either break up or down in the next few days. From looking at the charts, I feel like it's going to break out upward with strong resistance at around 3000. Or if it can manage to break through, then more resistance at 3500. Long term, though, I think we'll be in a bear market for at least a year comparing this bubble to the last one, so I think we'll see the trend start to form slowly down, thus the ? Hopefully I'm wrong.
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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.