2 potential patterns are setting up to return BTC to All-time highs and beyond.
Within the triangle we are currently at the neckline of a cup and handle (see ABC&D) that, with a weekly close above, has a target back around ATH.
A breakdown from here will see us working on a potential Elliot triangle wave E. The theory suggests this should break below the triangle which would definitely be a cause of fear for many investors and would certainly be a scary trade to take. However, looking at the overall chart movement. With the absence of a clear ABC correction, It is quite possible that this bear market has simply been a large bull flag on the monthly chart with an upside target just past ath's.
Time will tell.
Within the triangle we are currently at the neckline of a cup and handle (see ABC&D) that, with a weekly close above, has a target back around ATH.
A breakdown from here will see us working on a potential Elliot triangle wave E. The theory suggests this should break below the triangle which would definitely be a cause of fear for many investors and would certainly be a scary trade to take. However, looking at the overall chart movement. With the absence of a clear ABC correction, It is quite possible that this bear market has simply been a large bull flag on the monthly chart with an upside target just past ath's.
Time will tell.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.