After the strong drop we saw over the last week, Bitcoin's higher timeframes are in severe oversold levels at the moment, which will stop the selling for a bit.
Furthermore, the stock markets are closed for the next three days, which naturally leads to less volatility.
As seen on the chart, BTC is trying to form a sideways consolidation pattern. It would be likely that we're going to trade within said pattern for the next couple of days. In the end this pattern will probably end up to be another bear-flag, with more bearish price action following the bearish break out.
For now, it's sideways price action until proven otherwise.
Furthermore, the stock markets are closed for the next three days, which naturally leads to less volatility.
As seen on the chart, BTC is trying to form a sideways consolidation pattern. It would be likely that we're going to trade within said pattern for the next couple of days. In the end this pattern will probably end up to be another bear-flag, with more bearish price action following the bearish break out.
For now, it's sideways price action until proven otherwise.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。