2014 bear market dump compared to today.
BTC dumped and formed a descending wedge. A few days later volume dwindled and it went up a little but still inside, then later on it followed by another move down that broke down the wedge. At the bottom we see the volume picking up, everyone thought it was the bottom but it dumped further later on.
Everyone thinks that this last dump will be the bottom, but if it follows 2014 pattern it won't.
- Volume Profile ✔
- RSI Position ✔
- Wedge break to the downside ?
BTC dumped and formed a descending wedge. A few days later volume dwindled and it went up a little but still inside, then later on it followed by another move down that broke down the wedge. At the bottom we see the volume picking up, everyone thought it was the bottom but it dumped further later on.
Everyone thinks that this last dump will be the bottom, but if it follows 2014 pattern it won't.
- Volume Profile ✔
- RSI Position ✔
- Wedge break to the downside ?