Since capitulating a coupe of days ago, BTC has been trading relatively steady. During this period, a bullish channel has been drawn on the chart. Classically, bullish channels in a strong down trend will result in bear flags, which will eventually lead to more bearish price action. See my previous post where I already discuss this possibility.
For now, I think it's likely that BTC will continue to trade within the pattern. However, I'm afraid that we're going to break out on the bearish side and make a new low in the not so distant future, as per my previous BTC analysis.
For now, enjoy the relative calm in the markets.
For now, I think it's likely that BTC will continue to trade within the pattern. However, I'm afraid that we're going to break out on the bearish side and make a new low in the not so distant future, as per my previous BTC analysis.
For now, enjoy the relative calm in the markets.
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🎯Official Channel: t.me/FieryTradingChannel
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
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.