Technically Bitcoin in bullish AF, but the climate isn't.

Bitcoin has bounced of the long term 7700$ support, of the trending support, of the short term channel and is making an inverse H&S pattern. This all seems very bullish, and if it holds up, this is the time to buy.

The problem is the stock market and the global economy as a whole, which isn't doing too well, we shall see how it bitcoin reacts to it.

For educational purposes, do not take this as investment advice.

Kommentera:

Forgot to add, that the QQE indicator (the only one i partially trust) on the 4h chart also shows a change of trend.