I want to ask a controversial question: Is it possible that we will face a big drop in the price of bitcoin in the future?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
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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.
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.