WE HAVE ALREADY SEEN THIS ON BITCOIN
I always like to find pattern from the past, because history always repeat. The ghost bars pattern comes from a 2019 price action (20 October) and looks like it fits with a really possible scenario. This flash dump is necessary to liquidate most of the longs, and as soon the fear will comes to the market, maybe around $54.000, Bitcoin could range and accumulate before a crazy pump to $80.000
Note
Looks like the pattern is still accurate! Bitcoin is approaching a possible reversal area according to the pattern, expecting (and hoping) a range here probably till Monday, updates will follow hereNote
So far so good, an explosive pump could be around the corner!
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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.