Thursday, October 10, 2024

The shark bite in Bitcoin

The most problematic phenomenon that leaves many investors breathless is an event of the shark bite, an extreme movement in the opposite direction of the last breakout that takes most investors out of the deal's stop loss and only then continues the breakout pattern.
Attached is a graph in a 15-minute time frame showing the bull shark pattern that occurs after an upward breakout.


 

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