Using historical price data we can speculate on potential reversals in price action. Price Trends have Three Directions, They trade upwards, They trade Downwards and We can't Forget that Markets trade Sideways. Market Gurus are always hopeful for upwards trends. You may have heard the term "crypto winter" but realize that before Summer comes Spring. No matter what Bitboy Crypto Says on YouTube its foolish to expect a volatile Downtrending market to immediately Transition into a Volatile Uptrending market. Consolidation Periods play an important role in healthy financial markets, maybe if Caroline Ellison Practiced proper Technical Analysis FTX wouldn't have gone Bust. Expect Further Downside and more over leveraged players to get margin called.
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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.