CSTrading

Bitcoin regains strength, but still looks fragile

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin regains strength, as we observe two strong bullish waves (1,2) of institutional trading activity. So, we can expect another bullish wave (3), which would probably happen after the local pullback (as we already have an 8-day swing until now). After that, the correction might be completed. For the upcoming week, the main focus is the short-term long.

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.