Diamonds, Bears, and Bulls
It seems to me that the BTC market may have developed a diamond pattern. Drops are often ~10% and gains are ~18%. If the pattern holds, I think we could see a strong ~10% sell off over the next few days to ~110.50USD. Weekends have been some of the most volatile times to hold BTC so a big movement downwards would not come as a shock a the week comes to a close.
The drop downward would then meet with resistance from the 8hr Ichimoku Cloud. This makes me want to believe a further sell off is unlikely, in which case we'll see a strong rebound to ~130.75 by September 5th.
The drop downward would then meet with resistance from the 8hr Ichimoku Cloud. This makes me want to believe a further sell off is unlikely, in which case we'll see a strong rebound to ~130.75 by September 5th.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.