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Wednesday, May 3, 2023

Steepening channels for bitcoin

Steepening channels for bitcoin

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Entering the second channel of this bullrun. If this bull doesn't get fracturized as the one from 2019-2021 due to Covid, expect a fast movement of a few steepening channels. This bullrun should be faster than those before end might end in a blow -of top bringing the first metawave since the beginning of bitcoin to an end. Afterwards a longer period of decline as a major retracement should ensue (at least 2 years).

Via TradingView Ideas

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