Inverted H&S Retest
Bitcoin retesting the neckline on declining volume as sentiment sours and everyone leaves to chase the stock market. Shorts loading up on the SEC news. Think they're about to get squeezed over the next 8-10 weeks.
Doesn't need a ton of demand to push higher from here. The entire crypto market cap is smaller than Microsoft and many are offsides.
Doesn't need a ton of demand to push higher from here. The entire crypto market cap is smaller than Microsoft and many are offsides.
Note
Big breakout on huge volume. Catalyst was the BlackRock BTC ETF application and the rest of traditional finance following suit. This is likely just the beginning of a multi-week rally
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.