Hello my fellow Cryptocurrency trader, how are you feeling today?
Is this it? Is Bitcoin headed toward a new All-Time High hitting 100K next?
Let's consider how a bullish move, a bullish extension/impulse looks like vs an inverted correction.
➖ Back in late January this year, Bitcoin produced a low and proceeded to resume the bullish wave that it started in late October 2023. In a period of 51 days, Bitcoin grew by 91%. In the preceding months the chart structure was characterized by higher highs and higher lows.
➖ Recently, in early August, Bitcoin hit a low and turned bullish producing a pull-back or inverted correction. For comparison, in the same about of time, 51 days, from bottom to top Bitcoin grew by 32%. In a total of 72 days, from 5-Aug. to present day, Bitcoin grew a total of 39%. In the preceding months the chart structure is composed of lower highs and lower lows.
This is not a bullish impulse, this is an inverted correction.
👉 Bitcoin is going down.
It is a bull-trap.
Thanks a lot for your support.
Namaste.
Is this it? Is Bitcoin headed toward a new All-Time High hitting 100K next?
Let's consider how a bullish move, a bullish extension/impulse looks like vs an inverted correction.
➖ Back in late January this year, Bitcoin produced a low and proceeded to resume the bullish wave that it started in late October 2023. In a period of 51 days, Bitcoin grew by 91%. In the preceding months the chart structure was characterized by higher highs and higher lows.
➖ Recently, in early August, Bitcoin hit a low and turned bullish producing a pull-back or inverted correction. For comparison, in the same about of time, 51 days, from bottom to top Bitcoin grew by 32%. In a total of 72 days, from 5-Aug. to present day, Bitcoin grew a total of 39%. In the preceding months the chart structure is composed of lower highs and lower lows.
This is not a bullish impulse, this is an inverted correction.
👉 Bitcoin is going down.
It is a bull-trap.
Thanks a lot for your support.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.