JoshAMS

BTC - it pays to zoom out

Long
BITSTAMP:BTCUSD   Bitcoin
Hi all,

The last few weeks I have been looking at the BTC chart over and over again to determine whether the trends was bullish / bearish. I figured an important trendline was broken and that a potential bear market could be around the corner.... UNTIL i charted zooming out, starting on the 3D and 1W chart where I found this beautiful ascending triangle which has formed itself over a timespan from more than 1 year.

To me this looks bullish AF! What do you think? Would love to hear your view on BTC too!

#notfinancialadvice
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.