I want to ask a controversial question: Is it possible that we will face a big drop in the price of bitcoin in the future?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
Let's take a look at the bigger picture of the Price Action of Bitcoin
1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change.
2-Bitcoin has a curved dynamic resistance. The shape of this resistance has a wedge-like structure. We usually consider the wedge pattern as a sign of future decline.
3- We are witnessing a relative decrease in trading volume
4- We can identify several different wedges in the big picture of bitcoin price action
https://www.tradingview.com/x/K4bcrAkQ/
Of course, there are other reasons why we do not think so. Like the bitcoin ascending cure channel
https://www.tradingview.com/x/JDEDLSrU/
what is your idea?
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.