The possibility of a squeeze market followed by a breakdown
The technical chart shows the market squeeze. On the price chart, Bitcoin seems to be forming a descending triangle pattern, which is usually followed by a breakdown.
According to the on-chain data, the inflow to exchanges is increasing more than the outflow from them. These can indicate the possibility of a breakdown of the pattern in the future. For confirmation, one should wait for the break-up of the support and resistance lines
According to the on-chain data, the inflow to exchanges is increasing more than the outflow from them. These can indicate the possibility of a breakdown of the pattern in the future. For confirmation, one should wait for the break-up of the support and resistance lines
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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.