Reflecting back: the patterns that predicted a BTCUSD crash
Nothing is easier than tracing back patterns that we "should" have seen, because one can always make a case for either bullish or bearish patterns; patterns are not the driving force of a market but just a measure for its momentum and sentiment. Additionally, the news around Elon Musk and China could not have been foreseen in the first place.
That being said, a clear rising wedge has been evolving since January 2021, followed by a bear flag. A case could also be made for a head and shoulders pattern; all indicating a target between 35000 and 42000. For those who missed out on a short opportunity like me, here is a small reflection back on this nearly 50% crash of bitcoin.
That being said, a clear rising wedge has been evolving since January 2021, followed by a bear flag. A case could also be made for a head and shoulders pattern; all indicating a target between 35000 and 42000. For those who missed out on a short opportunity like me, here is a small reflection back on this nearly 50% crash of bitcoin.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.