A possible Bart Simpson pattern is forming, which typically indicates a market top and reversal, with a retest of <$109,000 very likely. This pattern could also create a bearish head and shoulders formation, strongly suggesting a near-term top.
Trading volume continues to decrease, and ETF inflows are now negative, with an increasing volume of BTC on exchanges indicating that sell pressure is mounting. In this situation, a flash crash is also quite likely, so be cautious about where you place your limit sell orders and stop losses..
Both short and long positions are currently low, suggesting there is a lack of direction in the market, whether up or down. This situation often occurs at the end of a bull run. While a push upward is a possibility, based on my analysis, I anticipate that this pattern will break down with an 80:20 probability. However, Bitcoin often challenges expectations and is famously unpredictable. However due to all the media hype and the rolling of capital into Alt coins and the dominance dropping I do believe we are very near the end of the bull run. This is not financial advice (NFA).
Trading volume continues to decrease, and ETF inflows are now negative, with an increasing volume of BTC on exchanges indicating that sell pressure is mounting. In this situation, a flash crash is also quite likely, so be cautious about where you place your limit sell orders and stop losses..
Both short and long positions are currently low, suggesting there is a lack of direction in the market, whether up or down. This situation often occurs at the end of a bull run. While a push upward is a possibility, based on my analysis, I anticipate that this pattern will break down with an 80:20 probability. However, Bitcoin often challenges expectations and is famously unpredictable. However due to all the media hype and the rolling of capital into Alt coins and the dominance dropping I do believe we are very near the end of the bull run. This is not financial advice (NFA).
Dagangan aktif
Pattern is playing out as predicted - pullback in progress - trade carefully, no-one ever believes the bear market is coming until you are in the middle of it and underwater. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.