After the tweet we saw a huge dump straight to 46k. I thought of doing a technical analysis and see what the chart says to us.
As per the analysis we see that bitcoin was in a rising wedge pattern for a long time. As you know Rising Wedge is a bearish pattern but looking at the ETH we expected Bitcoin to breakout upside. As this didn't happened we saw a breakout from a rising wedge pattern to the downside.
At 53k to 54k level bitcoin took the support and then retested the rising wedge trend line and then we saw a huge downfall to 46k levels.
DYOR
As per the analysis we see that bitcoin was in a rising wedge pattern for a long time. As you know Rising Wedge is a bearish pattern but looking at the ETH we expected Bitcoin to breakout upside. As this didn't happened we saw a breakout from a rising wedge pattern to the downside.
At 53k to 54k level bitcoin took the support and then retested the rising wedge trend line and then we saw a huge downfall to 46k levels.
DYOR
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.