Inside Bars On Bitcoin Suggest A Breakout

2021年11月2日

We see that bitcoin slowed down recently with an inside bars pattern, but above the falling trendline which is actually trying to act as support now.

An inside bar formation can bring the volatility back, but after a daily close above the Mother bar. This can then cause a continuation back to the highs

On the other-side drop below the Mother bar, may suggest that weakness from Oct 20 will be more complex and tricky with potentially lower prices ahead.