I see a very ugly Bat pattern in the 30m 
BTC chart.
This might lead to a buying opportunity however in under no circumstances this means that bitcoin is going to drop to that level.
My idea is that we should also watch traditional stocks such as S&P500 since bitcoin was correlating with it and, has failed to correlate with safe-havens such as gold. So, keep an eye on them.
BTC chart. This might lead to a buying opportunity however in under no circumstances this means that bitcoin is going to drop to that level.
My idea is that we should also watch traditional stocks such as S&P500 since bitcoin was correlating with it and, has failed to correlate with safe-havens such as gold. So, keep an eye on them.
Note
We also have a flat bottom in the chart right now, which may lead to a dump in the price. Here's a photo of it:
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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.