- As liquidation areas are visited, price drops back down, retraces back up just to fill the price imbalance before continuing to for a new low.
- The latest price action is similar to the previous, and there is a very good likelihood that the Bitcoin price will create another major new low
- Also take note of the fake out in the ascending channel to trap traders into placing long positions. The fake out was also able to trigger stop losses from short positions.
Let me know what you guys think and comment below.
- The latest price action is similar to the previous, and there is a very good likelihood that the Bitcoin price will create another major new low
- Also take note of the fake out in the ascending channel to trap traders into placing long positions. The fake out was also able to trigger stop losses from short positions.
Let me know what you guys think and comment below.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.