It looks like the bullish tendancy will go on. Bitcoin insiders have bet on a shorterm uptrend since the beginning of the year (red dots).
Why would it change? We might just see a pullback to the midterm trend (blue support) or even the longterm uptrend (purple support), but a little defiance from the institutions has no reason to shook all trust in Bitcoins traction, or so I think!
Why would it change? We might just see a pullback to the midterm trend (blue support) or even the longterm uptrend (purple support), but a little defiance from the institutions has no reason to shook all trust in Bitcoins traction, or so I think!
Trade closed: target reached
Wow, BTC is strong. When the ETF was declinded the bottom near the midterm blue was reached at 953 and quickly forgotten!
Looks like we are already coming back to the shortterm uptrend.
Note
We are actually following my downtrend, newt stop at the bottom of the longterm channel (purple dot)
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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.