Purely Technical Reading Of Bitcoin ~ BTC/USD ~ XBTUSD
This is how I would read the chart, in the simplest way, if everyone weren't so pessimistic due to low sentiment. A big rise followed by some retrace either bouncing off new support or heading down. I just don't see it going straight down from here. I could be wrong but sentiment aside, does it look like that to you? Sentiment will change with the pattern. We know this. It's like some cosmic force.
Note
Seems so close. My other charts still tracking so far.Trade closed: stop reached
It all went so terribly wrong.
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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.