BitcoinLong
The trend is your friend. The trend is up.
It's obvious now that BTC has ran out of selling pressure and geared up for another run up.
IMO,BTC is set to accelerate straight up to the .5 Fib at ~46.8K.
I think we'll range for a good while between 47K-57K. Any sort of a rising wedge forming in this range could lead to an explosive move to test the ATH. But we could also see a HTF 'bull flag' that would be interpreted by many as an inability to attack a new ATH- a shakeout attempt.
Regardless, the trend is up again.
BTC has ran out of selling pressure and geared up for another run up.IMO,
BTC is set to accelerate straight up to the .5 Fib at ~46.8K.I think we'll range for a good while between 47K-57K. Any sort of a rising wedge forming in this range could lead to an explosive move to test the ATH. But we could also see a HTF 'bull flag' that would be interpreted by many as an inability to attack a new ATH- a shakeout attempt.
Regardless, the trend is up again.
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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.