BTC Trendlines I'm Watching
Bullish View
The entire correction we are going through might have just been a bull flag outlined in orange. Anywhere along the lower trend lines of the green/orange/yellow shapes could be a good place to establish a long position.
Bearish View
We break below the consolidation range in late 2018, might test the 5k range or even wick at 3k to make a giant descending triangle, which makes the 2019 "bull market" a bear flag. However, for now, it's difficult to find a favorable location to establish a short position before any of these start to pan out.
Meanwhile, have a good time trading in the established ranges. Cheers.
The entire correction we are going through might have just been a bull flag outlined in orange. Anywhere along the lower trend lines of the green/orange/yellow shapes could be a good place to establish a long position.
Bearish View
We break below the consolidation range in late 2018, might test the 5k range or even wick at 3k to make a giant descending triangle, which makes the 2019 "bull market" a bear flag. However, for now, it's difficult to find a favorable location to establish a short position before any of these start to pan out.
Meanwhile, have a good time trading in the established ranges. Cheers.
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.