Hello people, i descided to make an analysis on BTC. Now we are here several months later from the crashing bitcoin and altcoin market,
we saw some altcoin rallies and bitcoin rallies witch sadly never breaked to the upside, it is a trading market right now, investors are to scared to make an step into the market. Because what we saw last months wasnt strong at all and the upside remains capped.
We see several Lower Highs (LHs) in the chart of BTC, 5 at all. There is coming a sixt one right the next days.
The probability that we break up isnt high at all, i gave it 20 % that we break up with a big green candle and 80 % that we see lower levels these days.
I wouldnt short BTC because breakout trading isnt working there is no strong downward rallie and a short could get rekt soon as the last time shows.
The interest in cryptocurrencie is falling and there is no fresh new money witch goes into the market, someday that will change but till this point we are in a bear market at all.
Lets see what happens...
we saw some altcoin rallies and bitcoin rallies witch sadly never breaked to the upside, it is a trading market right now, investors are to scared to make an step into the market. Because what we saw last months wasnt strong at all and the upside remains capped.
We see several Lower Highs (LHs) in the chart of BTC, 5 at all. There is coming a sixt one right the next days.
The probability that we break up isnt high at all, i gave it 20 % that we break up with a big green candle and 80 % that we see lower levels these days.
I wouldnt short BTC because breakout trading isnt working there is no strong downward rallie and a short could get rekt soon as the last time shows.
The interest in cryptocurrencie is falling and there is no fresh new money witch goes into the market, someday that will change but till this point we are in a bear market at all.
Lets see what happens...