I don't think i've ever seen a V shape bottom occur in BTCUSD in the years i've traded it. I would expect a breakdown of this wedge pattern possibly into a true double bottom before rallying back up.
Ethereum had an incredible run against Bitcoin regarding it's ratio, these are not particularly uncommon but the wider market thought that this run would take it back to 2017 levels of dominance.
I still believe that until Ethereum decouples away from Bitcoin, it's cycles are ultimately dictated by Bitcoin and its price movements, and therefore it's just another...
Bitcoin historically loves prominent double bottom patterns on the Daily/Weekly timeframes before going on to rally.
Considering the current market outlook with CORVID 19 being a catalyst for an economic downturn across the board, I would not expect Bitcoin to simply move back into a bullish rally before establishing a low with an accumulation phase.
This chart...
The ABCD pattern on #EURUSD 4 hour chart is now completed and we expect the pair to correct to 50% Fib level. 1.1100 area in #EURUSD has been a very strong support and resistant level in the past couple of months and there is good chance to bounce to this level again in a medium term.
In terms of risk and reward ratio this trade will give you a better than one to...
