We see Bitcoin in another triangle for a second day in a row. Lots of indecision. We have a second chance to see if that indecision leads to a breakout North or South of the triangle. Statistically I think the breakout South is more likely, with a bounce off ~53.5k and reversal. It also could break North and this would indicate a rise to ~58k.
Bullish indications: possible VFI bullish crossover, possible break past ~55.5k short term resistance, American stimulus news (checks going out), S2F prediction supports continued growth
Bearish indications: negative VFI since early morning 15 March, last two times this happened it was around 1 week of bearish trends before reversing, symmetrical triangle isn't a bullish indicator
Look for a breakout of triangle as confirmation of direction.
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.