BITCOIN IS DED! (JK) ... Where to from here?
Bitcoins insane rally has come to temporary pause. At this point, I don't believe we have reached a top and could well rally up to 50k, 
52K, 80k, 100k+ . Trying to predict the top is moronic.
There are 2 other reasons that makes this particularly difficult to work out: The DXY is recovering, and could well send the crypto markets into a solid downtrend. On the other hand, a symmetrical triangle is a continuation pattern, and well... weve been bullish for months. Bulls and bears will fight it out, don't jump in blindly. Just follow the trend. For now, I atleast expect a retest of previous ATH before we go into a longer term correction if we;re unable to break it.
52K, 80k, 100k+ . Trying to predict the top is moronic.There are 2 other reasons that makes this particularly difficult to work out: The DXY is recovering, and could well send the crypto markets into a solid downtrend. On the other hand, a symmetrical triangle is a continuation pattern, and well... weve been bullish for months. Bulls and bears will fight it out, don't jump in blindly. Just follow the trend. For now, I atleast expect a retest of previous ATH before we go into a longer term correction if we;re unable to break it.
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.