Let's update our #Bitcoin #CME 1D chart;
Let's update our #Bitcoin #CME 1D chart;
If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels.
In the meantime, I have always voiced the danger of the gap it leaves behind as it rises.
While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above.
We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels.
In the meantime, I have always voiced the danger of the gap it leaves behind as it rises.
While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above.
We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
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.