- follow up on the latest BTC analysis
- this Bitcoin breakout, so far, is rather lackluster and leaves a lot to be desired
- upon breaking an important HTF level, Bitcoin tends to explode and leave sideliners behind but this has not been the case so far
- more importantly, BTC DID NOT break out vs. the euro - something I would consider a red flag
- with 5D volatility extremely low, there is a chance of a long liquidation wipe all the way to 85k before the "real" upsurge happens
- all concerns regarding the validity of this breakout go away the moment BTC makes a higher high above 123 000
- this Bitcoin breakout, so far, is rather lackluster and leaves a lot to be desired
- upon breaking an important HTF level, Bitcoin tends to explode and leave sideliners behind but this has not been the case so far
- more importantly, BTC DID NOT break out vs. the euro - something I would consider a red flag
- with 5D volatility extremely low, there is a chance of a long liquidation wipe all the way to 85k before the "real" upsurge happens
- all concerns regarding the validity of this breakout go away the moment BTC makes a higher high above 123 000
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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.
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.