Doesn't it look the same as January? It looks SCARILY similar to each other.
With patterns such as the bearish divergence forming, it is repeating what happened in January earlier this year.
So, what can we expect?
We can expect BTC to retrace all the way back to 30k.
However, do watch out for support levels that might kick start the pump such as at 37k, 35k, 33k and finally 30k.
If it is a repeat, the best thing is to ride it out.
DO KEEP IN MIND THO, A golden 21 55 has crossed, so we might see a jump earlier than expected too as a consideration.
Good luck traders and hodlers.
With patterns such as the bearish divergence forming, it is repeating what happened in January earlier this year.
So, what can we expect?
We can expect BTC to retrace all the way back to 30k.
However, do watch out for support levels that might kick start the pump such as at 37k, 35k, 33k and finally 30k.
If it is a repeat, the best thing is to ride it out.
DO KEEP IN MIND THO, A golden 21 55 has crossed, so we might see a jump earlier than expected too as a consideration.
Good luck traders and hodlers.
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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.