Technically Bitcoin in bullish AF, but the climate isn't.
Bitcoin has bounced of the long term 7700$ support, of the trending support, of the short term channel and is making an inverse H&S pattern. This all seems very bullish, and if it holds up, this is the time to buy.
The problem is the stock market and the global economy as a whole, which isn't doing too well, we shall see how it bitcoin reacts to it.
For educational purposes, do not take this as investment advice.
The problem is the stock market and the global economy as a whole, which isn't doing too well, we shall see how it bitcoin reacts to it.
For educational purposes, do not take this as investment advice.
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Forgot to add, that the QQE indicator (the only one i partially trust) on the 4h chart also shows a change of trend.