بتكوينشراء
Bitcoin - 3 Dives
Looks like we are flushing out Longs and trapping shorts
Formation of Dives:
a clear downward movement reaches a low.
another dip forms, slightly lower than the first.
the final dive happens, testing the same support level
Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern.
Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
Formation of Dives:
a clear downward movement reaches a low.
another dip forms, slightly lower than the first.
the final dive happens, testing the same support level
Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern.
Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
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