Total Market Cap - two scenarios
What is your opinion on BlackRock's BTC spot ETF?
I have a mixed views: both positive and negative.
Case A: As you can see in chart, BTC is right below a resistance trendline. If break-out happens here, I would be happy although I'm still waiting for a last dips to fill my bags.
Case B: However, if we take a look at the consolidation between 2018-2020, we may expect that BTC needs more trials to break the current resistance (at the 5th point). Because there's still a long way to go, I'll prepare for a worst case which may come as in chart.
In short, I'll keep a close eye on these two scenarios.
I have a mixed views: both positive and negative.
Case A: As you can see in chart, BTC is right below a resistance trendline. If break-out happens here, I would be happy although I'm still waiting for a last dips to fill my bags.
Case B: However, if we take a look at the consolidation between 2018-2020, we may expect that BTC needs more trials to break the current resistance (at the 5th point). Because there's still a long way to go, I'll prepare for a worst case which may come as in chart.
In short, I'll keep a close eye on these two scenarios.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.