Both charts show periods of consolidation (the purple boxes) after significant upward price movements.
Both charts show a subsequent sharp price movement following the consolidation phase.
Both charts show a sharp upwards movement, then a consolidation period, then a sharp movement either upwards or downwards.
Differences:
The SHIB/USDT chart shows both upward and downward movements following the consolidation phases, while the BTC/USD chart only shows a downward movement after the second consolidation phase.
The first consolidation phase on the SHIB chart is followed by an upwards movement while the first consolidation phase on the BTC chart is followed by continued upwards movement with less volatility.
The magnitude and shape of the consolidation phases and the subsequent price movements differ between the two charts.
can we expect same move of SHIB USDT in BTC USDT ?
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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.