This pattern happens in accumulation - a fake bear flag.
It looks like to me that they started selling from around the breakout zone at 85-86k.
I think we can drop to get everyone shorting the bottom again before a big move up.
I marked 2 important zones to look out for and will update accordingly.
It looks like to me that they started selling from around the breakout zone at 85-86k.
I think we can drop to get everyone shorting the bottom again before a big move up.
I marked 2 important zones to look out for and will update accordingly.
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.
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.