BTC | Bitcoin BrokeOut Of The Pattern - What's Next?
Updated
BTC | Bitcoin BrokeOut Of The Pattern - What's Next?
During this week the crypto market experienced another crash.
Nothing was clear about what actually happened.
If the movement was due to a large sell or because of the FOMC expectations
for a stronger USD and an increase in the interest rates.
So overall the bearish movement was not related directly to any problem with the crypto market.
And this is great overall.
As I explained yesterday on the Trading View live stream that we had the price was showing this possibility
and it was very clear.
Now price looks like it is double confirming the potential double bottom pattern and on the other hand,
it broke out from that small falling wedge pattern that is adding value to the Bullish scenario.
The price should reach as a minimum the top of the pattern again if we are on the right bullish wave.
Details on the chart!
Thank you and Good Luck!
During this week the crypto market experienced another crash.
Nothing was clear about what actually happened.
If the movement was due to a large sell or because of the FOMC expectations
for a stronger USD and an increase in the interest rates.
So overall the bearish movement was not related directly to any problem with the crypto market.
And this is great overall.
As I explained yesterday on the Trading View live stream that we had the price was showing this possibility
and it was very clear.
Now price looks like it is double confirming the potential double bottom pattern and on the other hand,
it broke out from that small falling wedge pattern that is adding value to the Bullish scenario.
The price should reach as a minimum the top of the pattern again if we are on the right bullish wave.
Details on the chart!
Thank you and Good Luck!
Note
BTC continues to march up :)
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