The crypto-market was building another bearish break-out level with the head and shoulders' pattern till 28th august.
Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply.
Contrary to popular belief, it feels like the bearish momentum will take on again for a while.
Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply.
Contrary to popular belief, it feels like the bearish momentum will take on again for a while.
Note
Todays' close and tomorrow's close should define the ascending pattern more clearly.
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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.