Biggest volume we have ever seen for bitcoin, confirms alot of weak hands have sold, meaning we have a strong support. We have an adam & eve bottom formation, this is usually a trend reversal pattern !!! We are breaking out from a year long downtrend, have already broken through resistance and have tested resistance as support. Ignore the news, the rich are...
Levels that previously acted as resistance will form a support, once price breaks above the resistance level. itHappy shopping on these sales ;)
We will see sub 20k BTC price in the beginning of 2022. "previous level of resistance will become a support."
Hello ! Alot of people are calling this pattern a wickoff, telling that it will dump, but let me tell you, this is not a wickoff patter. Wickoff patterns happen at the end of trends, for example at the end of an extreme downtrend and then it "wicksoff" and turns bullish again. A bearish wickoff pattern will not emerge at the end of and extreme bearish pattern...