BTC peaked on November 23 and then entered a sideways corrective formation.
The corrective formation is called a reverse triangle, and it is characterized by the following features:
Three consecutive lower bottoms (A-B-C)
Two consecutive higher tops (B-D)
With the potential completion of the E bottom of the triangle, we can take a buy position on a lower timeframe if we identify a reversal pattern at the bottoms.
The initial target is a new all-time high.
The corrective formation is called a reverse triangle, and it is characterized by the following features:
Three consecutive lower bottoms (A-B-C)
Two consecutive higher tops (B-D)
With the potential completion of the E bottom of the triangle, we can take a buy position on a lower timeframe if we identify a reversal pattern at the bottoms.
The initial target is a new all-time high.
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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.