Greetings TradingView!
We are observing something really great here, Bitcoin has been trading in an ascending channel since the 20th of July. Today, just a very short time away from the monthly close and we are experiencing great market indecision as we continue to trade within a tight symetrical triangle. Its difficult to say where the price will go from here as that is the nature of this charting pattern but what we do know is that we are in a clear uptrend, our stance is short term neutral and long term bullish.
Bitcoin has been making a series of higher highs and higher lows, its on track to retest $50,000 once again, next week.
Happy Trading!
ALTUS
We are observing something really great here, Bitcoin has been trading in an ascending channel since the 20th of July. Today, just a very short time away from the monthly close and we are experiencing great market indecision as we continue to trade within a tight symetrical triangle. Its difficult to say where the price will go from here as that is the nature of this charting pattern but what we do know is that we are in a clear uptrend, our stance is short term neutral and long term bullish.
Bitcoin has been making a series of higher highs and higher lows, its on track to retest $50,000 once again, next week.
Happy Trading!
ALTUS