BTC showing signs of repeating the growth pattern of the previous bull run by nearly imitating the previous bear run.
Reasons:
1. ATH rejected from long-term resistance
2. Price supported by long-term support
3. Price rejected by descending trend line that is representative of the previous one
4. Following the second rejection, a descending triangle formed and broke to the bottom and stalled (for now at least)
5. A similar cup pattern has formed on the RSI, with the second one in development
It's likely we see some accumulation for the next few months. Following this, look for a break of the yellow descending trend line.
Reasons:
1. ATH rejected from long-term resistance
2. Price supported by long-term support
3. Price rejected by descending trend line that is representative of the previous one
4. Following the second rejection, a descending triangle formed and broke to the bottom and stalled (for now at least)
5. A similar cup pattern has formed on the RSI, with the second one in development
It's likely we see some accumulation for the next few months. Following this, look for a break of the yellow descending trend line.
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.