I haven't posted a HTF update since two weeks ago, so I'm really excited to talk a bit about the monthly chart, which are really showing that Bitcoin has been sitting in the same range for a pretty long time, something that hasn't really happened after we rallied to 65k$ in April.
When this candle closes, we would have 3 opens and closes at pretty much the same price.
But, what does this mean? On lower timeframes I was convinced that something similar to late April could happen: we range for a while, we break out and then we start a big impulse move (late May). But I have to say that this could be an even stronger breakout, as we've been ranging for more time.
I'm not saying that we're going straight to 100k$ either. I'm just showing that a larger accumulation has happened and we're likely to reverse. In any case, have a good week!
When this candle closes, we would have 3 opens and closes at pretty much the same price.
But, what does this mean? On lower timeframes I was convinced that something similar to late April could happen: we range for a while, we break out and then we start a big impulse move (late May). But I have to say that this could be an even stronger breakout, as we've been ranging for more time.
I'm not saying that we're going straight to 100k$ either. I'm just showing that a larger accumulation has happened and we're likely to reverse. In any case, have a good week!
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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.