Ladies and gentlemen, i'm more than happy to celebrate my 1500 followers. A big thanks to everyone who supports my (free) work. For this great occasion, here is a new BTC chart, i hope you will enjoy it.
It's been a long time since I published a BTC chart. For my french followers, there is a french video in 2 part on TradingView (which has been working well since 1 year). If you are not french you can just look at the graph on the video to see the idea (the top around 13800$, etc.) For the others, here is a new chart :
About CME FUTURES's GAP :
There is a GAP between 3564$ and 3595$ which has not been filled, you can see it on the 4h chart. This is the first time since the CME Futures history on BTC that a GAP is not filled. SPOILER ALERT : I think we are going to fill it.
Technical analysis :
Trend : After an over-extension (4.618fib) of the C (ABC correction), the price broke the parabolic structure in July. After this price consolidated in a range and is now bear-trending.
Pattern : A clear H&S is forming, ready to breakdown (however, volume is not confirming it).
Indicators : - EMA : highly bearish with a death cross (55/200). - Ichimoku : Switched bearish some days ago. - RSI : The strong bearish divergence has been activated and RSI is now in bearish zone, waiting for oversold conditions. - MFI : in bearish zone.
Please let me know in the comment section what you think about this chart and what is your point of view about BTC price evolution ! If you are enjoying my work, please like, share and follow me ! We are more than 1500 : THANK YOU EVERYONE.
DISCLAIMER : I'm not financial advisor. You trade at your own risk. I can't be responsible for your loss. Short BTC is always risky.
This trade is still active. I continue to think we are going lower.
Comment
⋅
It takes longer than anticipated but we are going lower gentlemen !
Comment
⋅
MAKING MONEY : Please hit the like button, and follow me for the new updates !
Comment
⋅
BTC gone under 4K on many exchanges ! CONGRATS FOR THE TRADE ! I remember 2 months ago when everyone was trolling me. Remember guys, trading is a game of patience.
Please share me your opinion in the comment section and show me your support with the likes !
Remember to follow me to receive the last updates !