We just saw a massive dip in bitcoin but could this be the end of the bull run? This is where price action is important. See chart below for the 2 scenarios.
Scenario 1 - We see a bearish correction now which will lead us down to atleast 40k.
Scenario 2 - We see a bull flag which means this was a momentary dip!
Like this idea for more updates.
Note
Scenario 1
Note
Scenario 2
Note
Watch price action and identify whether it is a bull flag or a bear flag
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.