The last several weeks have been incredibly tricky in terms of and finding a clear edge, why? We’ve seen fake outs to the upside and downside and remain in this same range ($30,000 – $40,000) and this pattern is a result of all the sideways PA.
The is recognized primarily in downtrends and is often thought of as a signal. As you can see in the above image, the pattern is the upside-down image of the pattern. The two lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same.
3) There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles.
There’s also the Binance FUD, and fundamentally crypto needs to wipe out the scammers, shady individuals and just the overall negativity throughout the space.
The tether scandal is always a big deal, and something you won’t want to forget about because one day it can all come crashing down.
Market cycles all have a way of in cooperating FUD into bear markets, because institutions and whales know retail will eat the narrative up and give them the upper hand until they get levels low enough to set the macro low, then slowly but surely the news will start again and the money printer will go brrrrr.
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