BTC crashed hard in the last week or so, and it needed some kind of rally to continue. Every rally in crypto has some kind of pattern. This one is where squares start fitting into a rising pattern, each time, the square becomes smaller because btc has been rallying for a week and as any aspect in the world, energy has to come from somewhere. This energy source is soon to run out, causing the rally to become unstable, then disappear allowing btc to return to its natural trends through volume and market performance. This crash is still an opportunity to buy.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.