Click here for a full size chart image
What we are looking at here is the longest term downward trending line you can draw on the Bitcoin chart.
The three yellow arrows touching the line are dated
- 17th December 2017
- 26th June 2019
- 1st June 2020
The green arrow on the right shows today's candle breaking that line on:
- 27th July 2020
What Does This Mean???
Ah, ah, aaaah!
That's the kind of question that will cause you to lose all your money.
It doesn't MEAN anything. There is no meaning in a candlestick chart. It's just data. You and I add the meaning to it, and that's just in our head.
This is just an objective observation. What happens next is anyone's guess.
Make your own investing decisions, but always pay attention to how much risk you are taking.
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