The graph shows an upward bearish triangle, continuing to move along a downtrend. Cornelius Luca (reputable trader) explains this model in the following way - despite consolidation, demand is still lagging behind the supply.
It is clear that the resistance (supply) near $ 4,100 BitFinex, exceeds today's demand.
The possibility of forming a harmonious pattern AB = CD, and its goals were considered earlier:
It is clear that the resistance (supply) near $ 4,100 BitFinex, exceeds today's demand.
The possibility of forming a harmonious pattern AB = CD, and its goals were considered earlier:
Комментарий:
We went down, adjusted the support of the triangle. When breaking through, you can consider opening the short
Futures market has reached the top of the downward channel