TravisStroud

BTC having a breather after recent FTX collapse

COINBASE:BTCUSD   Bitcoin
After breaking lower out of the descending triangle pattern, it seems to be having a breather. Due to the heavy volume and black swan event some may consider this the bottom. I believe it will just hold here or possibly back-test previous support while the DXY is falling to previous support. I will then expect BTC to resume lower once the DXY confirms support and continues upwards from there. See my other idea about the USD.
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.