Bitcoin just had a flush down. Its price reached as low as 50% of its valuation.
But then, there was hope. Some big whale bought starting from 30K USD. Then, yesterday, market bounced up.
Indeed, bounce is actually something expected if we really had that strong market crash.
But what happens after the bounce? That's the more interesting question for me.
Historically, there are only two things.
1. Continuation of bear market
2. Consolidation.
In this 4H chart, BTC is creating a strong consolidation after the crash. For me, this is a strong bullish signal
But then, there was hope. Some big whale bought starting from 30K USD. Then, yesterday, market bounced up.
Indeed, bounce is actually something expected if we really had that strong market crash.
But what happens after the bounce? That's the more interesting question for me.
Historically, there are only two things.
1. Continuation of bear market
2. Consolidation.
In this 4H chart, BTC is creating a strong consolidation after the crash. For me, this is a strong bullish signal
Order cancelled:
Broke below the box.