Oh Bitcoin, apparently is forming a HS and getting ready to test the 20K level that matches with the long term uptrend line. But what I learned about this market is that usually does something different than expected. I think is going to make another push to the upside to 28 or 30K levels and then pull back to the 26K support (neckline). I don't think Bitcoin is going to crash but I expect another test to the uptrend line within a few weeks.
Note
It did the last push lol:Note
BTW I just bought some puts of Coinbase, is correlated to BTC. Exp this Friday strike 77. COIN is trading now at 78.9. I may buy more on Friday if it doesn't fall by then.
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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.