Hi everyone, thanks for checking out my chart again. Bitcoin is back with its famous "123 DIP!" pattern again. Yes, I coined a name for this type of pattern. Who do you think coined the name for the "Bart" pattern? Lol, no I don't know who either. Let's talk about the chart. I suppose we can expect a sharp rise from current price levels to the $9800 - $9900 range before we see another flash crash.
What could cause such a big move from Bitcoin?
Two good reasons I could think of right now.
1. Miners dumping their bags before the next mining adjustment that is happening in less than 3 days.
2. Traders dumping before the US stock market reopens on Monday.
As always, give this chart a LIKE if you agree with my views and if you don't, leave a comment to share your thoughts.
What could cause such a big move from Bitcoin?
Two good reasons I could think of right now.
1. Miners dumping their bags before the next mining adjustment that is happening in less than 3 days.
2. Traders dumping before the US stock market reopens on Monday.
As always, give this chart a LIKE if you agree with my views and if you don't, leave a comment to share your thoughts.
Komentarz:
Wanna zoom in and see how the trend would play out my 123 Dip pattern? Then check out this new chart.
