ConsciousTrade

ConsciousTrade

This is my forecast for BTC/USD In my opinion the whole financial solutions we are seeing right now are just deflationary and will be the reason why we will see tanking prices in all kind of assets. This is just a rough plan but it will play out within the upcoming months.

ConsciousTrade

Rejected weekly resistance last week, now made a new LL on the 4 hr. Could see a retracement to the 114 Levels and 61.8 Fib level and see more downside from there broke the ascending 4hr trendline

ConsciousTrade

Expecting a Fake Out of the wedge to the Upside to bring in the last buyers and having a reversal from there

ConsciousTrade

POSSIBLE INVERSE H&S ON THE 4H COULD BE A FAKE OUT OF THE TRENDLINE, PULLING IN SELLERS STILL BULLISH TREND AND TESTING LAST HIGHER LOW ON THE 4H MAKING NEW HIGHS FROM THERE ON

ConsciousTrade

We could see a Head & Shoulders forming on the daily; finding resistance at the 50% Fib Retracement and go short from there

ConsciousTrade

Having a 78.6% Fib Retracement, forming a double bottom on last Higher Low and bring in sellers because of broken Trendline and go up afterwards

ConsciousTrade

Last Daily candle closed bullish so we will likely see another push up towards the marked levels to either form a H&S formation or a double top. From there I see a sell off towards the outer trendline Last week closed with a shooting star so it shows that the bulls already are starting to get tired but still i see some upwards momentum especially if you look at...