BFranklin1706_

BTC in a channel is it bouncing now?

Long
COINBASE:BTCUSD   Bitcoin
as shown in the above analysis, we have a pennant channel in BTC on the 4H chart & most traders know what to expect when seeing this pattern.
highest outflow from exchanges in history, Hash-rate is climbing back up after all the migration of mining companies out of China.
FUD seems to have no/zero effect on it now, confidence is raising again specially for institutions.

If this isn't bullish IDK what is...

Good luck everyone!

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.