5/5 BTCUSDT - Long Term
Currently, BTC has bounced due to the FOMC. but the BTC trend moving is still following bear flag phase3.
We can see BTC may bounced due to the news up to 42.8K / 41.2K
But the trend is still moving down as it planed unless the BTC bouncing back to the range but I think it is hard to see.
and based on the history, everytime ETC bouncing rapidly. the crypto market will be doomed. so we can see btc and the crypto market may fell so hard.
(PS. I only highlighted two bounces on ETC vs BTC. but you can feel free to check on previous years, and you will find something blowing you mind)
I am not going to tell you to short or long right now. but we can check back this chart later and see is it real that ETC pumping will cause BTC doom.
if you are looking for Short, you may wait for another LH formed on day chart.
We can see BTC may bounced due to the news up to 42.8K / 41.2K
But the trend is still moving down as it planed unless the BTC bouncing back to the range but I think it is hard to see.
and based on the history, everytime ETC bouncing rapidly. the crypto market will be doomed. so we can see btc and the crypto market may fell so hard.
(PS. I only highlighted two bounces on ETC vs BTC. but you can feel free to check on previous years, and you will find something blowing you mind)
I am not going to tell you to short or long right now. but we can check back this chart later and see is it real that ETC pumping will cause BTC doom.
if you are looking for Short, you may wait for another LH formed on day chart.
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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.