Literally every single man, woman, child, dog, cat, turtle are posting the same pennant chart that has already gone to 95% of the formation which means it likely is invalidated yet everyone is still oddly calling for a break out or break down of the pennant.
There is a 3rd option and that is that the triangle is invalid and we continue to chop sideways and continue to recover.
Remember we are in a weekend right now and volume is VERY low and therefore the pattern has likely been invalidated for some time.
The best youtuber I've seen so far on TA is this guy (Twitter |Youtube- and he explains this idea the same way but in more depth - it is a much watch if you want to see how BTC will recover out of this dip:
youtube.com/watch?v=i9gtuj-VIhE&t=490s
There is a 3rd option and that is that the triangle is invalid and we continue to chop sideways and continue to recover.
Remember we are in a weekend right now and volume is VERY low and therefore the pattern has likely been invalidated for some time.
The best youtuber I've seen so far on TA is this guy (Twitter |Youtube- and he explains this idea the same way but in more depth - it is a much watch if you want to see how BTC will recover out of this dip:
youtube.com/watch?v=i9gtuj-VIhE&t=490s
Nota
We're now at 100% of the pattern completion .... On some of the LOWEST volumes I've ever seen recorded on a 4H candleHINT HINT: The pattern is invalid
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.