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Technical analysis by DoozerInvest about Symbol BTC: Buy recommendation (5/5/2024)

https://sahmeto.com/message/1766903
DoozerInvest
DoozerInvest
Rank: 209
3.3
Buy،Technical،DoozerInvest

Every #Bitcoin consolidation since the bottom has had 3 things in common... 1. Each time, it has created a "retail" pattern, such as a wedge. 2. The pattern seemed to #breakout (signaling traders to go long and becoming trapped), only to realize the move as a #fake-out back into the pattern.3. Then, there seems to be a continuation to the breakdown of the pattern (liquidating late longs and signal traders to go short and becoming trapped), only to deviate back into the pattern just before a massive move to the upside (liquidating the late shorts). This false move to the downside, so far, has also always correlated to the bottoming of the #StochasticRSI.The market makers want your bags and this is how they get them. ------Tell me what comes next... 😏

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$64,069.69
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