BTCUSDT ! What's next?👾
Hi friends! The massive Bitcoin pullback happend which confirm the BUYERS power. Let`s compare two simmilar and famous patterns that shared in the TW for the last weeks.
📊 Most traders and authors on Tradingview expected a repeat of the bearish flag (channel) break down as shown in example #1.
As we can see, the price consolidated in the descending channel for a long time, after which the price broke its lower boundary. When Bitcoin fell to the key level of $34,500, the price and the bulls did not react to it in any way. The price fell by -46%. This is what shows the weakness of Bitcoin , and usually the whole market.
📊 Now we see a different picture in example #2. The price was also in a channel and formed a huge bearish flag .
After breaking the lower boundary of the channel and falling to the key $19,000 level, the price rebounded strongly. The rise so far is 20%. This is the strong technical confirmation of the BUYERS!
📊 Most traders and authors on Tradingview expected a repeat of the bearish flag (channel) break down as shown in example #1.
As we can see, the price consolidated in the descending channel for a long time, after which the price broke its lower boundary. When Bitcoin fell to the key level of $34,500, the price and the bulls did not react to it in any way. The price fell by -46%. This is what shows the weakness of Bitcoin , and usually the whole market.
📊 Now we see a different picture in example #2. The price was also in a channel and formed a huge bearish flag .
After breaking the lower boundary of the channel and falling to the key $19,000 level, the price rebounded strongly. The rise so far is 20%. This is the strong technical confirmation of the BUYERS!
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.