Trend channel remains in tact - BTC/USD
This is an update of last week's channel analysis. I've found it usually useful to return to a previous technical analysis and see if it's confirmed or denied before I move forward with a new approach. Just one more "trick" in the black darkness of TA. :)
We've spent the last week moving upwards in BTC/USD, and 10k is a big deal. I am not trusting this, however, unless/until there is a break/close above the upper trend channel. We did break the small intermediate channel, so there is hope.
Fundamentally, I suspect the movement upward has more to do w/ BTC/LTC, and the massive upswing, thank you Litecoin!. My pessimism for the short term continues, leading to indecision on my part.
We've spent the last week moving upwards in BTC/USD, and 10k is a big deal. I am not trusting this, however, unless/until there is a break/close above the upper trend channel. We did break the small intermediate channel, so there is hope.
Fundamentally, I suspect the movement upward has more to do w/ BTC/LTC, and the massive upswing, thank you Litecoin!. My pessimism for the short term continues, leading to indecision on my part.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.