- for more than a year now "price" has been stuck in a giant range (yellow boxes)
- with the latest development (being a breakdown from an ascending broadening wedge) it is likely this "asset" trades back to range lows which should result in overall crypto upside
- if hit, I expect range lows will offer temporary support (implying the crypto market stalls and goes down into a corrective period)
- that said, once/if that USDT. D support breaks, the entire crypto market is going to absolutely explode to the upside and at that point I would expect for Bitcoin to put in its cycle top (likely around October, November period)
- with the latest development (being a breakdown from an ascending broadening wedge) it is likely this "asset" trades back to range lows which should result in overall crypto upside
- if hit, I expect range lows will offer temporary support (implying the crypto market stalls and goes down into a corrective period)
- that said, once/if that USDT. D support breaks, the entire crypto market is going to absolutely explode to the upside and at that point I would expect for Bitcoin to put in its cycle top (likely around October, November period)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.