Bitcoin | The Calm Before The Storm? [BTCUSD]
Taking a look at the BTC charts today, Bulls and Bears seem kind of in equilibrium.
The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k.
We mighty consolidate between this range for a while.
This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm.
We're at the end of a multi-month consolidation pattern - therefore, I assume that we will see some violent moves soon.
The upcoming ETF decision is probably the catalyst.
Bitcoin going sideways may give Altcoins some room to breathe.
Since they've been dragged into the dirt so much, I'd assume that they go up during BTC consolidation.
Patterns
Ascending triangle or bear pennant. Pick your poison.
Have a nice day!
The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k.
We mighty consolidate between this range for a while.
This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm.
We're at the end of a multi-month consolidation pattern - therefore, I assume that we will see some violent moves soon.
The upcoming ETF decision is probably the catalyst.
Bitcoin going sideways may give Altcoins some room to breathe.
Since they've been dragged into the dirt so much, I'd assume that they go up during BTC consolidation.
Patterns
Ascending triangle or bear pennant. Pick your poison.
Have a nice day!
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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.