Since capitulating a coupe of days ago, BTC has been trading relatively steady. During this period, a bullish channel has been drawn on the chart. Classically, bullish channels in a strong down trend will result in bear flags, which will eventually lead to more bearish price action. See my previous post where I already discuss this possibility.
For now, I think it's likely that BTC will continue to trade within the pattern. However, I'm afraid that we're going to break out on the bearish side and make a new low in the not so distant future, as per my previous BTC analysis.
For now, enjoy the relative calm in the markets.
For now, I think it's likely that BTC will continue to trade within the pattern. However, I'm afraid that we're going to break out on the bearish side and make a new low in the not so distant future, as per my previous BTC analysis.
For now, enjoy the relative calm in the markets.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.