BTCUSD perhaps the bullish scenario will ensue
Three days ago, I posted that BTCUSD was likely to pull back and presented 2 likely scenarios:
It seems that a bullish scenario is more likely now, though the entire move has not played out. I continue to believe that a deeper retracement in the short-term that coincide with the upcoming golden cross will signal the start of the bull cycle. (Bullish case as charted).
However, if we see low volume fake pumps that sustain the price and again slowly drain the market of enthusiasm, a double bottom is not impossible (Bearish case as charted).
Btw, I believe that Bitcoin will lead altcoins:
It seems that a bullish scenario is more likely now, though the entire move has not played out. I continue to believe that a deeper retracement in the short-term that coincide with the upcoming golden cross will signal the start of the bull cycle. (Bullish case as charted).
However, if we see low volume fake pumps that sustain the price and again slowly drain the market of enthusiasm, a double bottom is not impossible (Bearish case as charted).
Btw, I believe that Bitcoin will lead altcoins:
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Publications connexes
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.