This is a weekly view of the Riot chart I have been using. You can see the greater wedge is still in effect and I added a teal support line on the macro uptrend. The other shade of teal line up top is long term resistance on a multi-month scale. I still expect this wedge to resolve upward towards 12.4$. I do expect BTC to have a very green Monday tomorrow. Monday is historically the most likely day of the week to be green at almost 70%. I do not expect a major reversal to the downside since May is over and May is historically one of the worst months for markets and BTC.
-12.4$ soon, I plan on continuing to sell cash secured puts on this ride
-I am more fundamentally interested in Mara and CLSK
-12.4$ soon, I plan on continuing to sell cash secured puts on this ride
-I am more fundamentally interested in Mara and CLSK
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.
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.