BTCUSD
Ooh, that bitcoin. Bear patterns are starting to run through the chart, but then again, they're not confirmed yet. The pattern of the head and shoulders is often false.
The very obvious thing is that a bull flag is forming on a 4-hour timeframe, but it's not confirmed yet. You only have to enter into a deal once it's confirmed.
There is another very insidious variant of developments with the continuation of the trend. It is the formation of a kind of pattern of canyon, but with a false head, which will be with very strong bearish moods to the bulls to gain liquidity.
The very obvious thing is that a bull flag is forming on a 4-hour timeframe, but it's not confirmed yet. You only have to enter into a deal once it's confirmed.
There is another very insidious variant of developments with the continuation of the trend. It is the formation of a kind of pattern of canyon, but with a false head, which will be with very strong bearish moods to the bulls to gain liquidity.
Note
The market's shaking a lot is a bad sign. Without a good growth after overcoming these growth points - it is very likely to mean a bearish market. These entry points should be considered only with a small stop.
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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.