Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Note
Same pattern on a previous BTC chart Note
Update 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.