BITCOIN - WHERE IS THE BOTTOM
We are facing BITCOIN repeats the last downward moviment after a indecision candle in Weekly timeframe, continuing with more down's candles. Looking for our history TOPs and BOTTOMs, we can see a pattern that shows acceleration before a reversion (with candles more biggers). Actually, we don't see this pattern on BITCOIN until now and could indicate that we didn´t reach the real bottom but we just in the way to do it. Sincerely, I believe that we will reach this bottom in SEPTEMBER/NOVEMBER 2022, and as I said in other post, the pattern HEAD-SHOULDERS has the power to send BITCOIN to 2,5K because of the magnitude between neckline and the most high reached. Be careful!
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.