Please review the current price action of BTC.
1. Bitcoin is still in the Ascending Channel
2. Just broke out of a small bull flag looking to test higher levels
3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels.
4. The top of the Channel is prices at 28-30K
5. Fear & Greed index is at an ATH.
6. Do NOT buy here
7. Expect a 20-40% Correction in the near future
8. Possible Alt Season During Correction - but not confirmed yet
Forming another leg up but the trend will end soon.
1. Bitcoin is still in the Ascending Channel
2. Just broke out of a small bull flag looking to test higher levels
3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels.
4. The top of the Channel is prices at 28-30K
5. Fear & Greed index is at an ATH.
6. Do NOT buy here
7. Expect a 20-40% Correction in the near future
8. Possible Alt Season During Correction - but not confirmed yet
Forming another leg up but the trend will end soon.
Note
Green Dotted Lines are SupportNote
Another support at 19.5K
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.