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Never risk more than you can afford to lose.
Always DYOR.
I think everybody is well versed with Quasimodo Pattern, it consists of 5 Legs as following:
Low > High > Lowerlow > Higherhigh or sometimes the opposite pattern:
High > Low > Higherhigh > Lowerlow.
As described above it seems that BTC is forming a Quasimodo in weekly timeframe. which is contrary to some analysis which they hope for uptrend, it is trend changing pattern which will cause a down trend, just like head and shoulders pattern.
On the other hand it is being formed in the weekly timeframe which is a strong level.
This is personal idea and I am not a financial adviser
Never risk more than you can afford to lose.
Always DYOR.
I think everybody is well versed with Quasimodo Pattern, it consists of 5 Legs as following:
Low > High > Lowerlow > Higherhigh or sometimes the opposite pattern:
High > Low > Higherhigh > Lowerlow.
As described above it seems that BTC is forming a Quasimodo in weekly timeframe. which is contrary to some analysis which they hope for uptrend, it is trend changing pattern which will cause a down trend, just like head and shoulders pattern.
On the other hand it is being formed in the weekly timeframe which is a strong level.
This is personal idea and I am not a financial adviser
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.