Hi all, got a descending triangle on our hands on the 15 minute. Being that we are in a holiday period and trading volume is not what it will be in Q1, I can see a pattern playing out and accumulating in the high 23,XXX range before the next movement up.
This could also benefit alts to start an "alt season" while BTC gets a little nap.
That said, I still am and remain bullish. This does not look like topping action to me, though if we do continue to sell off, $17k looks like a region for major accumulation.
Best of luck trading.
This could also benefit alts to start an "alt season" while BTC gets a little nap.
That said, I still am and remain bullish. This does not look like topping action to me, though if we do continue to sell off, $17k looks like a region for major accumulation.
Best of luck trading.
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Disclaimer
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.