BTCUSDT: Pullback pattern against bullish breakout
Hello traders!
Today BTC was looking strong bearish but suddenly it started a strong bullish move and this bullish move clearly shows that BTC is pulling back.
There are 2 different kinds of patterns, dependent and independent patterns.
The pullback pattern is always dependent on another pattern, it is always connected with another pattern and in the end, the pullback pattern pushes itself inside the previous pattern.
Same will happen in BTC, this pullback pattern is trying to pull itself inside the previous pattern and looks like it will be successful. Once it pulls inside the previous pattern then it will lose its strength and we will see some reaction pattern after that.
The reaction pattern will most probably push it downside again and it will push it without any mercy.
Trading is a game of Probability and there is still a chance that the reaction pattern will be in a favor of the buyers but most probably it will be in the favor of sellers and once it starts to drop it will show no mercy.
Don't forget to hit the like button and follow to stay connected
Today BTC was looking strong bearish but suddenly it started a strong bullish move and this bullish move clearly shows that BTC is pulling back.
There are 2 different kinds of patterns, dependent and independent patterns.
The pullback pattern is always dependent on another pattern, it is always connected with another pattern and in the end, the pullback pattern pushes itself inside the previous pattern.
Same will happen in BTC, this pullback pattern is trying to pull itself inside the previous pattern and looks like it will be successful. Once it pulls inside the previous pattern then it will lose its strength and we will see some reaction pattern after that.
The reaction pattern will most probably push it downside again and it will push it without any mercy.
Trading is a game of Probability and there is still a chance that the reaction pattern will be in a favor of the buyers but most probably it will be in the favor of sellers and once it starts to drop it will show no mercy.
Don't forget to hit the like button and follow to stay connected
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