Hello traders , BTC has just jumped outside of its rising channel... following this observation Ive notice that the bullish volume is slacking for the Current symmetrical triangle that is forming so the next thing that came to mind was another retest of demand. the last time the mulls showed up with major strength was the first retracement after it broke out of a ranging market of 15 days, keep in mind 2 weeks ago is when their was news about the pair reaching new all time highs. The banks and pro traders know this and were prepared so I feel that the "trend" forming for bitcoin is a classical pump and dump before a rally off to new highs, OBSERVING THE LAST BREAT OF STRUCTURE WE CAN SEE BEARISH PRESSURE WITH A CLEAR 5.0 PATTERN ON THE 15M TIMEFRAME ! Give me feedback and let me know what you think of my analysis!
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.
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.