TOOMP

Bitcoin Organic Growth Channel

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin has some basic properties that should drive price growth in a somewhat steady fashion.
The concept of an "organic growth channel" is presented
Within the channel, healthy corrections occur to prevent overheating. The bottom is supported by hodlers.
Events outside the channel can be considered elevated levels of mania, FUD, and/or FOMO.
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.