ביטקויןלונג
BTCUSD - One more wave down and then up we go - log chart
While in the linear chart, BTCUSD has finally broken through the major bearish trendline, in the logarithmic chart it still hasn't.
That is indeed a huge mental barrier, and it also combines facing the 38.2% fib & 200EMA resistance.
However, on the bullish side & view there are some good news. A cup & handle is forming on the 1D chart infront of you, and perhaps an inverse H&S as well.
What it means is IMO we'll be going down to 7700-7800$ one more time (bottom trendline, StochRSI oversold) and from there breaching resistance and making our way back to welcoming VEGETA.
I will emphasize VOLATILITY IS HIGH. Many things can change, and they can do it quiet quickly.
Needless to say this isn't a financial advice and you are responsible for your own actions.
That is indeed a huge mental barrier, and it also combines facing the 38.2% fib & 200EMA resistance.
However, on the bullish side & view there are some good news. A cup & handle is forming on the 1D chart infront of you, and perhaps an inverse H&S as well.
What it means is IMO we'll be going down to 7700-7800$ one more time (bottom trendline, StochRSI oversold) and from there breaching resistance and making our way back to welcoming VEGETA.
I will emphasize VOLATILITY IS HIGH. Many things can change, and they can do it quiet quickly.
Needless to say this isn't a financial advice and you are responsible for your own actions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.