Bitcoin has been making really clear patterns on the daily timeframe which can help us understand where price may be going next.
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.