Bitcoin bullish continuation, but how high?
Bitcoin is forming a continuation parallel channel, along with an ascending triangle. Even though things are a bit oversold (even on the Daily), the long/short ratio is leaning significantly short, which would lead to a short squeeze to push higher. With 30 - 32K being a resistance zone, it will be a decent area to at least take some profit, but as long as the long/short ratio is short, the price could rally through the resistance zone, potentially reaching the H&S target of 37K from my prior idea and surpassing it to 40K from FOMO.
Good luck out there!
Good luck out there!
Not
The triangle was a fakeout, but the channel still holds.
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.