Bitcoin Is Showing Many Similarities Compared To Behaviour In Late 2018:
Price consolidation for over 70 Days
RSI consolidation for over 70 Days
Weak/Low volume pump up for a few days
Followed by a deep crash by over 50%
Bitcoin Here In Mid-2020 Is Showing Very Similar Behaviour:
Price consolidation for over 70 Days
RSI consolidation for over 70 Days
Weak/Low volume pump up for a few days
If this fractal were too playout, a deep crash is expected very soon, confirming the play-out of a bull-trap. Price has yet to make a higher-high, ~$10,500, and this may be another weak, unsuccessful attempt at doing so.
[I]Late 2018:[/I]
Mid 2020:[/I]
VERDICT: Based on the vast array of similarities of the current price behaviour compared to late 2018's behaviour, I believe the recent price pump is a bull-trap and I expect a deep crash very soon.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.