After some over performance in early July we set a Bullflag last week around $65k. Don't get shook! This time last year, in 2023, we had a long period of consolidation March-October (in white) before rising above the $30k level. This year, summer of 2024, we're rhyming.
Bearish?
BTC needs to lose the $60k level and hold us below it for at least a week. I think a bullish inverse head & shoulders is more likely but geopolitical risk, and US elections could be the wildcard. I would remain careful with shorts as the trend is upwardly volatile.
Here's the previous idea, explaining the trade:
Bearish?
BTC needs to lose the $60k level and hold us below it for at least a week. I think a bullish inverse head & shoulders is more likely but geopolitical risk, and US elections could be the wildcard. I would remain careful with shorts as the trend is upwardly volatile. Here's the previous idea, explaining the trade:
-dawson
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-dawson
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.