Two wedges/triangles being retestet after a breakout.
The one in 2019/2020 was more like a triangle as it had a steeper upper line down slope and was way shorter then this current one.
However August 2020 S&P500 was not going down like it does now.
Note that BTC nearly never goes up when S&P goes down.
Could mean that S&P is done going down soon aswell if this pattern were to play out similar to 2020.
The one in 2019/2020 was more like a triangle as it had a steeper upper line down slope and was way shorter then this current one.
However August 2020 S&P500 was not going down like it does now.
Note that BTC nearly never goes up when S&P goes down.
Could mean that S&P is done going down soon aswell if this pattern were to play out similar to 2020.
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.