Hello, in search for a potential downtrend patterns for some nice swing trades i came across this broadening wedge pattern which is my current most promising one until it get invalidated atleast.
We already saw this pattern in the 2018 bear market and i think it´s possible that its coming again in this one. (See pic below)
Crypto currency´s are not worth current valuations for various reasons and i think its mostly hype, few usecase´s.
In my view this is dot.com bubble all over except its blockchain this time.
This pattern is invalidated if supp or resistance line breaks.
This might as well go sub 100 usd again in the worst case, best case 400 USD Range Support holds and we go into another bull cycle in 2-3 years.
DYOR and please leave a like =)
We already saw this pattern in the 2018 bear market and i think it´s possible that its coming again in this one. (See pic below)
Crypto currency´s are not worth current valuations for various reasons and i think its mostly hype, few usecase´s.
In my view this is dot.com bubble all over except its blockchain this time.
This pattern is invalidated if supp or resistance line breaks.
This might as well go sub 100 usd again in the worst case, best case 400 USD Range Support holds and we go into another bull cycle in 2-3 years.
DYOR and please leave a like =)
Comment:
Broadening Wedge in 2018
Comment:
if btc breaks 46-47k resistance, i actualy consider retesting 70k. so stoploss is important here