BitcoinLong
The bullish rally is coming in September
Unfortunately (or fortunately) the current trendline just broke, so that would be the end of the short-term bullish period and we are entering a short-term bearish period.
Most probably, in early September BTCUSD will hit its new bottom (lowest possible price is 6.5k) and after that a huge bullish rally will start.
The good thing about the upcoming short bearish period is that it will allow a formation of an inverse head and shoulders pattern. The shoulders are April and Mid-September and the head is July. That will confirm the long awaited end of the bear season.
TLDR: Bearish August, Huge rally afterwards
Most probably, in early September BTCUSD will hit its new bottom (lowest possible price is 6.5k) and after that a huge bullish rally will start.
The good thing about the upcoming short bearish period is that it will allow a formation of an inverse head and shoulders pattern. The shoulders are April and Mid-September and the head is July. That will confirm the long awaited end of the bear season.
TLDR: Bearish August, Huge rally afterwards
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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.
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.