BTC Pattern Analysis - New daily low incoming.
Hey guys,
Please like if you agree or provide some feedback if you disagree.
I see a similar pattern to what was played out a week ago, with a strong push above the 100-MA followed by a period of stagnation. If we follow this trend, we should soon see a drop again to a new low for today. I think this was a move to clear out all the people shorting BTC expecting a fall today.
Please like if you agree or provide some feedback if you disagree.
I see a similar pattern to what was played out a week ago, with a strong push above the 100-MA followed by a period of stagnation. If we follow this trend, we should soon see a drop again to a new low for today. I think this was a move to clear out all the people shorting BTC expecting a fall today.
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.