BitcoinLong
So far, so good
Not only is a -20% correction something completely natural after exponential price increases, In many other Altcoin markets the tendency is bullish.
I think we might be up for a cup and handle pattern, since we've broken out of the downtrend channel with a lot of volume (not here on bitfinex specifically, I'm referring to global market volume during the downtrend outbreak) supporting the price action (exponential increase).
I think we might be up for a cup and handle pattern, since we've broken out of the downtrend channel with a lot of volume (not here on bitfinex specifically, I'm referring to global market volume during the downtrend outbreak) supporting the price action (exponential increase).
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.