A long term idea on BTC
This is a possibility because in order to ''launch the rocket'' it needs fuel. So overall I am expecting a downtrend channel, which at some point will explode. I support this idea because a downtrend channel is hard to spot in its early stages and sudden price rises can trick many people. Which is great for the ''big boys'' who are controlling the price.
PS: The price is obviously not going to move as my drawing. I just wanted to exemplify my pattern idea.
PS: The price is obviously not going to move as my drawing. I just wanted to exemplify my pattern idea.
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.