Interesting inflection poin here on the Bitcoin hourly chart. We initially had a look above range and fail which prompts a trip to the opposite end of the range and now have done the same on the opposite side. We need to look to the slightly bigger picture and we can see boxed off the initial look above and fail was the beginning of the next leg lower. The price projection would be an equal range to the first green box.
This is welcomed news for equity bears to see any type of liquidation as it can prompt liquidation in other assets as well.
This is welcomed news for equity bears to see any type of liquidation as it can prompt liquidation in other assets as well.
Note
still valid
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.