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Bitcoin
Long

low timeframe path for Bitcoin regarding to BTC/SP500 chart

145
This is a very bullish combination: H&S inverse confirmed at the time an important resistance is broken. It seems that we are going to be bullish on bitcoin at least until we reach the H&S projection (red line).

But don't be fooled. Bitcoin continues to have a bearish behavior (in medium timeframe) at least until the 70k barrier is clearly surpassed.
Cinnamon_Club
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#1 Trader at PrimeXBT.com (cinnamon)
Chart PatternsHead and Shoulders

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.
Chart PatternsHead and Shoulders
Cinnamon_Club
Free Telegram channel:
t.me/cinnamon_club


#1 Trader at PrimeXBT.com (cinnamon)

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.