The halving hype has died down, Bitcoin dominance will slowly but surely decline, and on technicals I see the following:
> Broke out of a year-long downtrend
> Broke out of a month-long downtrend
> retested those lines okay
> Seems to be finding decent support around this area
> Large volume on the previous daily candles
> Attempting to get over the MA50
> Over the EMA20
There is a supply shock coming end of the month but I’m not factoring that into the chart. Just playing it as I see it right now.
Not financial advice! Just learning how to chart.
> Broke out of a year-long downtrend
> Broke out of a month-long downtrend
> retested those lines okay
> Seems to be finding decent support around this area
> Large volume on the previous daily candles
> Attempting to get over the MA50
> Over the EMA20
There is a supply shock coming end of the month but I’m not factoring that into the chart. Just playing it as I see it right now.
Not financial advice! Just learning how to chart.
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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.