Bitcoin has broken above a previous resistance line. Although we are not in the clear, my outlook is still bearish. I am still looking for the $9K bottom. Hopefully I am wrong and we have a picture perfect scenario happen.
The sad fact is life doesn't always have a picture perfect ending. I wish it did for my sake. The charts show a nice sign of relief incoming. The market attempting to set higher highs and lower lows.
That doesn't seem like a great sign but it is a sign that the bottom is getting closer to being found. We haven't found a clear bottom unless we conclude this cycle with $17,500 as that bottom. In which case I could be considered wrong. I wouldn't complain.
The sad fact is life doesn't always have a picture perfect ending. I wish it did for my sake. The charts show a nice sign of relief incoming. The market attempting to set higher highs and lower lows.
That doesn't seem like a great sign but it is a sign that the bottom is getting closer to being found. We haven't found a clear bottom unless we conclude this cycle with $17,500 as that bottom. In which case I could be considered wrong. I wouldn't complain.
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.