Continuation or nah?

in bitcoin •  3 years ago 

Bitcoin is either putting in a continuation pattern or a massive top, which is it?

If you zoom out at look at the bigger picture with bitcoin you see something very interesting...

You see a large bullish continuation pattern...

Check it out:

image.png

(Source: https://twitter.com/LoyaTheTrader/status/1513176027123658760/photo/1)

The caveat here is that if that $30k area is violated to the downside, this pattern goes out the window and bitcoin likely goes a lot lower...

The bulls need to stake a stand here soon.

bitcoin crypto news steemit life blog investing charts
3 years ago by

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    • [-]
      ·  3 years ago 

    the trendline was lost

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    [-]
      ·  3 years ago 

    everything looks bearish

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    [-]
      ·  3 years ago 

    macro wins again

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    [-]
      ·  3 years ago 

    not for sure a top, but it's not this clean

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    [-]
      ·  3 years ago 

    we ran up to 48.2k

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    [-]
      ·  3 years ago 

    now we 39.2k

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    [-]
      ·  3 years ago 

    we've dropped 9k on btc

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    [-]
      ·  3 years ago 

    everytime I get bullish smacked

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    [-]
      ·  3 years ago 

    price slams even lower

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    [-]
      ·  3 years ago 

    good news doesn't matter

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    [-]
      ·  3 years ago 

    down every day

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    [-]
      ·  3 years ago 

    altcoins peaked over a year ago

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    [-]
      ·  3 years ago 

    steem been in a bear market for a year

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    [-]
      ·  3 years ago 

    bitcoin somehow made a high

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    [-]
      ·  3 years ago 

    bear market ever since

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    [-]
      ·  3 years ago 

    btc peaked 6 months ago

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    [-]
      ·  3 years ago 

    same result

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