I want to ask a controversial question: Is it possible that we will face a big drop in the price of bitcoin in the future?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。