Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
On the charts I have a fractal of the BTC chart from 2020. We see a very similar pattern : two topouts, a regressions channel followed by a short term rally leading to a bearish H&S pattern on the daily. Previously , the price of BTC drops -18%. If we were to use that same percentage, that gives us a rough target of 24.5K which corresponds with my recent update on Bitcoin where I'm short until 25K.
We have some strong arguments here for a short term bearish move after which the 2020 fractal was followed by a parabolic increase.
I'm expecting to see some volatility this weekend as the fractal continues to play out.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.