BTC seems to have broken out of the descending triangle to the upside, retested the downward trendline with bulls successfully defending it. I'm looking at 49K-50k test over the weekend. Could be a relief rally before the final leg down, who knows. Always risk-managed, if we lose 40k on D and W, a potential dump to 17k is quite likely.
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.