Bearish Patterns on Bitcoin
Updated
The power of trading patterns cannot be under-estimated.
While there will always be a 'story' that follows the triggering of a chart pattern, solely relying on fundamentals to trade is not stacking the odds in your favor.
We can see numerous bearish patterns that have all triggered. Being able to identify the patterns in the making and then executing, allows you to be on the correct side of the market.
Currently, another bearish pattern in the form of a bear-flag could be forming.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
While there will always be a 'story' that follows the triggering of a chart pattern, solely relying on fundamentals to trade is not stacking the odds in your favor.
We can see numerous bearish patterns that have all triggered. Being able to identify the patterns in the making and then executing, allows you to be on the correct side of the market.
Currently, another bearish pattern in the form of a bear-flag could be forming.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Another bearish pattern has been trigger. What a time to be shorting crypto!Note
Projected move from swing high to swing low confluences with 1.618%Note
Is this a rising wedge pattern forming?
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