Post
Topic
Board Speculation
Merits 2 from 2 users
Re: TA shows potential bullish breakout - if history repeats
by
Ratimov
on 01/12/2021, 08:07:03 UTC
⭐ Merited by NeuroticFish (1) ,pooya87 (1)
Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

More like your great desire to see a breakout in this picture than a real breakout signal. That is to say, wishful thinking. To buy, you need to look for a good rebound from a strong support level and subsequent growth. And now the market is not growing, it is now squeezed in a narrow corridor, between $53 000 and $58 000. Buying now, you risk getting the next bottom as a gift. We are currently in a local downtrend with declining peaks.