BitcoinUpdated BTC and rare patterns
Hello Friends, Traders and Interested,
BTC is really difficult for all analysts. BTC often does not follow popular Patterns. Why not? Because Whales want to bring People as often as possible into false buy or sell positions.
And now BTC seems to create a not so often seen pattern. A so called MEGAPHONE Pattern. This pattern is not that often to be seen, but if, it is located at a price top and can be interpreted as a reversal sign.
You can google this pattern, there are a few good sites explaining this pattern.
Lets see what will happen.
Yours Sascha
As always, no trading advice, just educational.
A Like and a Follow makes me happy.
BTC is really difficult for all analysts. BTC often does not follow popular Patterns. Why not? Because Whales want to bring People as often as possible into false buy or sell positions.
And now BTC seems to create a not so often seen pattern. A so called MEGAPHONE Pattern. This pattern is not that often to be seen, but if, it is located at a price top and can be interpreted as a reversal sign.
You can google this pattern, there are a few good sites explaining this pattern.
Lets see what will happen.
Yours Sascha
As always, no trading advice, just educational.
A Like and a Follow makes me happy.
Note
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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.