B-17

Head and Shoulders invalidated via consolidation. Whats next?

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin remains in a two month consolidation range, Bulls are hopeful a triple bottom formed, while Bears consider overall trend weakness puts $20K in play. I have no idea where prices will be tomorrow, next week, next month... you get the idea.

The market is consolidating, until a clear trend forms, it's anyone's guess what's next on technical. On chain, lightning stats, and, overall fundamentals are significantly more supportive than May. Lightning network growth is impressive.

Taken as a whole, I continue to DCA and remain bullish long term.

BTCUSD
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.