Hello to the large community of traders,
I believe correction will happen and if you check my last analysis you will notice. Lets see what has happened and what will happen.
( 1 ) Bitcoin broke his long term trend line 26 JULY 2020.
( 2 ) After break out price made a cup pattern type and then has created nice uptrend line ( validation ).
( 3 ) Price has gone up and passed his last high which was at top of cup pattern.
( 4 ) Now the same story will happen. Bitcoin will complete this cup and then it will break it for uptrend.
RSI: It may go down for rest and after touching it will go up besides our chart.
STOCHASTIC: The same story is now happening in stochastic too. If you look at it you will understand.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
I believe correction will happen and if you check my last analysis you will notice. Lets see what has happened and what will happen.
( 1 ) Bitcoin broke his long term trend line 26 JULY 2020.
( 2 ) After break out price made a cup pattern type and then has created nice uptrend line ( validation ).
( 3 ) Price has gone up and passed his last high which was at top of cup pattern.
( 4 ) Now the same story will happen. Bitcoin will complete this cup and then it will break it for uptrend.
RSI: It may go down for rest and after touching it will go up besides our chart.
STOCHASTIC: The same story is now happening in stochastic too. If you look at it you will understand.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
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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.