Confluence of three bullish indicators:
1. pin bar indicating reversal
2. long-held downward trend line that has been in effect since ~February was 'broken'. The line is now acting as support.
3. bullish pennant
Long term, I see bitcoin going dooooown, but this looks like a short-term uptrend. I suspect many were short since we were up against the long established downward trend line so a short squeeze will result in a BTC upward move.
But hell, I really have no idea at all where this crazy train is going.
1. pin bar indicating reversal
2. long-held downward trend line that has been in effect since ~February was 'broken'. The line is now acting as support.
3. bullish pennant
Long term, I see bitcoin going dooooown, but this looks like a short-term uptrend. I suspect many were short since we were up against the long established downward trend line so a short squeeze will result in a BTC upward move.
But hell, I really have no idea at all where this crazy train is going.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.