Bearish Bat pattern forming on BTC - be careful
There continues to be evidence of bearish trends and currently, there is a very nice Bat pattern forming.
If the pattern holds true, we can expect a reversal to decreasing trend and head toward 7500 levels. This is further supported by RSI on daily charts, suggesting, based on history, BTC will drop for a while longer.
**This is not trading advice, and you should trade your own analyses based on your trading style and risk tolerance.
If the pattern holds true, we can expect a reversal to decreasing trend and head toward 7500 levels. This is further supported by RSI on daily charts, suggesting, based on history, BTC will drop for a while longer.
**This is not trading advice, and you should trade your own analyses based on your trading style and risk tolerance.
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More info here on evidence for lower levels.
