Bitcoin's current price action (December 2021) bear flag?
Hello all,
The uptrend from July got destroyed with a $16,000 crash before stopping at $42,000. The uptrend which triggered the bull market that started March 2020 hasn't been tapped since the 2nd validation touch in October of 2020. It's been over a year now....be ready for anything.
If we see a rejection from the retest of the broken uptrend it's likely we go much lower which would result in painting a bear flag leading to deviation of Septembers low for liquidity purposes.
(not financial advice, this is my journal)
The uptrend from July got destroyed with a $16,000 crash before stopping at $42,000. The uptrend which triggered the bull market that started March 2020 hasn't been tapped since the 2nd validation touch in October of 2020. It's been over a year now....be ready for anything.
If we see a rejection from the retest of the broken uptrend it's likely we go much lower which would result in painting a bear flag leading to deviation of Septembers low for liquidity purposes.
(not financial advice, this is my journal)
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How do you think Q4 2021 will end?
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.