” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin. The selloff shocked market participants of all sizes, prompting fears that the bull market is now over and a " مزید پڑھ
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear phase is next.
A trader who predicted this recent collapse months in advance using high timeframe technical analysis, now fears that a " مزید پڑھ
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market could follow. But it all comes down to the pivotal June monthly close. Here’s why.
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>Bear Market If Bulls Can’t Close June At New Highs
جب یہ آتا ہے تکنیکی تجزیے, the highest timeframes offer the most dominant signals. This means that regardless of what’s going on on daily or shorter timeframes, if the weekly, monthly, or higher say the trend is up, that’s the direction the market heads.
Reversals have to begin on the smallest timeframes, however, it is within the high timeframe charts where the earliest warning signs are visible. This is no different for Bitcoin, Ethereum, or any financial asset or cryptocurrency.
مسئلہ یہ ہے کہ ، بٹ کوائن کی قیمت چارٹ پر شاذ و نادر ہی استعمال شدہ ہائی ٹائم فریم طبقے پر ، سب سے اوپر کی کریپٹوکرنسی انتہائی مندی کا ڈھانچہ دکھا رہی ہے۔
تیز نظر والا تاجر پانچ ماہ کے ٹائم فریم میں آر ایس آئ پر ایک پوشیدہ مچھلی کا رخ موڑ دیا ہے۔ تین ماہ ، چھ ماہ ، یا ایک سال زیادہ استعمال ہوتا ہے ، لیکن اس سے طبقہ کی تاثیر کم نہیں ہوتی ہے۔
" href="https://www.newsbtc.com/dictionary/bear/" data-wpel-link="internal">Bear markets have always started off with a wick like the above | Source: ٹریڈنگ ویو ڈاٹ کام پر BLX
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>Bear Market, According To Trader With Track Record
This is the same trader that spotted the first ever bearish divergence on the Bitcoin quarterly chart. The signal confirmed and the top cryptocurrency dropped by more than 50% in its worst monthly candle on record.
Bulls can undo the damage done and prevent an evening star pattern from forming on the monthly if they can close May above $45,000. However, it is the June close that would also finalize the five-month candle above.
The candle currently has the largest upside wick into resistance in the history of the chart, showing that bears were ready and waiting. Each wick left on the five-month timeframe, was followed by a bear market.
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market coming to crypto before Bitcoin ever gets to six figures like the market expects? And could that expectation cause the " مزید پڑھ
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market to be the worst on record as investors finally give up on the dream?
Anything is possible, but bulls have a little over a month to take Bitcoin to such highs, or else the RSI could turn down and this bearish signal could confirm.
ٹریڈنگ ویو ڈاٹ کام کے چارٹس ، ڈپازٹ فوٹوز سے نمایاں تصویر
