There have been powerful formations/patterns that one can always depend on when it comes to bitcoin. W formations,M formations and even triple top formations.
Current price has a W formation that is coming to a conclusion and has printed a triple top.
If you zoom in at 109160 you will see a small M formation more visible in smaller time frames and gives the hint of a short term SELL to 105446.
Alternatively, it can trade people into taking a sell and push upwards to 111971
Current price has a W formation that is coming to a conclusion and has printed a triple top.
If you zoom in at 109160 you will see a small M formation more visible in smaller time frames and gives the hint of a short term SELL to 105446.
Alternatively, it can trade people into taking a sell and push upwards to 111971
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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.