Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Nota
Same pattern on a previous BTC chart Nota
Update 
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.