Bitcoin / TetherUSPembelian
Here We Go
Hi everyone,
Yesterday I mentioned that we are in a wedge (could be a bearish flag too), and we in a longer term downtrend.
Right now, the market is doing a pullback (Bitcoin), after seeing a strong rejection from the last resistance. First the pullback is most probably 50% bullish retracement, but on the other hand, the rejection might have formed a double-top which I would not be surprised if it did that.
-> Double-top/bottom usually forms after taking out the liquidity of the last high/low. Like what we just saw in BTC.
In conclusion, I think that this pullback will determine our direction, if we are going up and touch the next resistance, or going down and our long-term downtrend. I personally lean towards touching the next resistance.
Yesterday I mentioned that we are in a wedge (could be a bearish flag too), and we in a longer term downtrend.
Right now, the market is doing a pullback (Bitcoin), after seeing a strong rejection from the last resistance. First the pullback is most probably 50% bullish retracement, but on the other hand, the rejection might have formed a double-top which I would not be surprised if it did that.
-> Double-top/bottom usually forms after taking out the liquidity of the last high/low. Like what we just saw in BTC.
In conclusion, I think that this pullback will determine our direction, if we are going up and touch the next resistance, or going down and our long-term downtrend. I personally lean towards touching the next resistance.
Publikasi terkait
Pernyataan Penyangkalan
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.