This is why I am still a bear

アップデート済
The chart above is self explanatory. You can see three very bearish patterns:
  • a rising wedge
  • a descending channel
  • and possibly a giant inverted cup-and-handle formation


While I don't believe bitcoin will break out of the downtrend channel, I allow for the possibility of a false breakout up to the upper edge of the rising wedge or slightly above. If this happens we should witness a quick downward bounce and a downward rally. I will not predict the bottom price, in any case it will be low.

Of course, I could be very wrong and not see something obvious so I am open to discussion.

This is not financial advice.
ノート
So far, all the pieces fit the pattern.
Cup And HandleParallel ChannelWedge

関連の投稿

免責事項