This is what Technical Analysis (TA) is for, to look at things like the one I am about to show you.
A correction is not likely to happen now based on past history.
This is how Bitcoin behaves each and every time it goes into correction mode, we will look into 5 examples or maybe even more.
Take a few minutes of your time and let's do this... Boost! 🚀 Ok!
We start with a period from June to November 2022.
See how Bitcoin reacts after hitting a resistance level/peak prices...
Every time a peak is hit, it is followed immediately by red candles, over and over.
This supports the bears.
Next, from September 2021 through May 2022.
See how Bitcoin reacts after hitting a resistance level/peaking...
Every time a correction is set to take place red candles, fast, happen the next day... No bullish consolidation, clear, straight down.
From January through September 2021, the same type of behaviour:
Now compare this with the current price action which favors the bulls...
Each time a new peak/high is hit, what follows is a consolidation phase.
This gives it away... Bitcoin is under bulls control.
Namaste.
A correction is not likely to happen now based on past history.
This is how Bitcoin behaves each and every time it goes into correction mode, we will look into 5 examples or maybe even more.
Take a few minutes of your time and let's do this... Boost! 🚀 Ok!
We start with a period from June to November 2022.
See how Bitcoin reacts after hitting a resistance level/peak prices...
Every time a peak is hit, it is followed immediately by red candles, over and over.
This supports the bears.
Next, from September 2021 through May 2022.
See how Bitcoin reacts after hitting a resistance level/peaking...
Every time a correction is set to take place red candles, fast, happen the next day... No bullish consolidation, clear, straight down.
From January through September 2021, the same type of behaviour:
Now compare this with the current price action which favors the bulls...
Each time a new peak/high is hit, what follows is a consolidation phase.
This gives it away... Bitcoin is under bulls control.
Namaste.
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💥💥💥 Early 2025 Results (NEW)
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🏆 FREE Trade-Numbers
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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.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.