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.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.