Bitcoin
Short

BITCOIN (BTCUSD): Another Bearish Wave Coming?!

501
snapshot

It appears that history may repeat, and Bitcoin may drop significantly one more time.

The current price action is very similar to the corrective movement
from November to January that occurred after a massive selloff.

The correction happened within a bearish flag pattern, and its support
breakout triggered a strong selling wave.

We see a similar picture with a minor bullish trend within a flag now.
Its support violation may initiate another round of selling
with a highly probable continuation to 55000.

❤️Please, support my work with like, thank you!❤️

I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.