ViniciusBaccelli

So many bullish formations but such an ugly trend, what next?

Long
BYBIT:BTCUSD   None
So many bullish formations but such an ugly trend, what next?

We have a huge falling wedge with a small Inverse H&S forming a cup and handle inside it. What the hell.

Anyways, even though the trend is very ugly and looks like it could take some time to recover, and S&P felt badly yesterday,

the dollar is free falling, and when that happens BTC usually gets exited, but the S&P too.

Even if we break it to the upside here we need to be careful when the markets open tomorrow.
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.