I see a very ugly Bat pattern in the 30m $BTC chart.
This might lead to a buying opportunity however in under no circumstances this means that bitcoin is going to drop to that level.
My idea is that we should also watch traditional stocks such as S&P500 since bitcoin was correlating with it and, has failed to correlate with safe-havens such as gold. So, keep an eye on them.
This might lead to a buying opportunity however in under no circumstances this means that bitcoin is going to drop to that level.
My idea is that we should also watch traditional stocks such as S&P500 since bitcoin was correlating with it and, has failed to correlate with safe-havens such as gold. So, keep an eye on them.
Comment:
We also have a flat bottom in the chart right now, which may lead to a dump in the price. Here's a photo of it:
