A strong BEARISH pattern on BTC! Next hit 12.5?!
We made plenty of calls on why crypto should go down... from technical information to fundamental and they all agree, for now, that we are in a crypto blizzard and the "great crypto depression"
At the time of recording this Bitcoin was still above the support level... but at the time of uploading and typing the message we have a breakout of the support level and bearish action!
Anyhow, main point here is to learn this bearish continuation pattern as you can use it to earn pips the next time you see in on a stock, currency, commodity or cryptocurrecny!
Good luck trading!
At the time of recording this Bitcoin was still above the support level... but at the time of uploading and typing the message we have a breakout of the support level and bearish action!
Anyhow, main point here is to learn this bearish continuation pattern as you can use it to earn pips the next time you see in on a stock, currency, commodity or cryptocurrecny!
Good luck trading!
Note
The POC line from 2011 is at 1.4kNote
Note
The next low is at 10 - 9.8k Note
Which I fully believe will break with the current steam in the sell-off by next weekNote
Massive Head and Shoulders pattern working its way to the low 100 billion market cap, this is not a crypto winter, it is a blizzard and a full on depression.
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Publications connexes
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.