BONK has increased 14% and 15% respectively over the past few days.
However, as we're looking at the 4h timeframe buying pressure seems to be running out after the increase that was likely incentivized by the BTC bump. Some argue that Bitcoin increased because Elon musk joined Trump at the rally - but honestly, it's just another day in crypto 😉
From a 4h perspective, there's a possible bullish hart pattern forming called the W - Bottom Pattern. Given, it is a bit skewed, but again crypto rarely follow the rules. The basics of charting can still apply to this pattern if it plays out according to the three ways I dissect in the video.
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