Let's be honest, we all knew it was coming...
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump and Dumps have formed the less mentioned Bear Paw Pattern as you can see, the chart forms an easily noticeable Bear Paw.. Does this spell the start of a much feared Bear Season?
The Bulls fought hard for the 30,000USD and 29,000USD support which resulted in a nice bounce, but was it enough?
As of time of publishing BTC is finding resistance at 33,000USD and support at 31,000USD but neither the Bulls nor the Bears are giving up just yet...
So, is this the beginning of the Bear Season or is this a win for the Bulls? I'll let you be the judge.
UC.
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump and Dumps have formed the less mentioned Bear Paw Pattern as you can see, the chart forms an easily noticeable Bear Paw.. Does this spell the start of a much feared Bear Season?
The Bulls fought hard for the 30,000USD and 29,000USD support which resulted in a nice bounce, but was it enough?
As of time of publishing BTC is finding resistance at 33,000USD and support at 31,000USD but neither the Bulls nor the Bears are giving up just yet...
So, is this the beginning of the Bear Season or is this a win for the Bulls? I'll let you be the judge.
UC.
Comment:
P.S. it's just a huge head and shoulders pattern...