Hello guys, in this technical anlaysis, I want to discuss you about a nice position on Sunday today in Bitcoin, well, yesterday I will closed up my position in long because I send you my screenshoot in the nights hours that Bitcoin has the possibility to go to down, and was success as I predicted in my screenshoot send you an alert and was reccomendaly to closed position in long and wait for formation for today. That screenshoot I believe that I sent you in the Ethereum technical analysis, in the latest updated.
Well guys, let's me see to explain you why Bitcoin it's has a formation of tripple bottom.
So, look it in H1 timeframe, Bitcoin is in the strong support and it's seem that Bitcoin it's make this support to bear don't drop the price below of $9,000 USD, that is a fight with bears and bulls.
Also, in the H4 timeframe we see a Bitcoin into this rising wedge into this bearish channel, that rising wedge have the epectative bullish, that is a singal of that Bitcoin is support and support that Bitcoin doesn't go to below of $9,000 USD, and also, that include a possible formation of Altseason, it's resum down of there: Altseason is when Bitcoin is consolidated and watching the Bitcoin dominance, we need to found out if Bitcoin there are a possibility that altseason is go to jump the price agains the XXX/BTC pars, that grow up each altcoin in Bitcoin value. Thi is the definition!!!
Also, we have this chartist pattern, it's till dont' valided, so, these spend that tripple top it's help to form the Shoulder Head Shoulder inverted, that seem that Bitcoin is resist for above of $9,000 USD, that support my idea and technical analsysis, I don't believe that Bitcoin drop, because bulls are show us that they have force, also lets me see if the bulls continue up, easily the Bitcoin is going to reach more of $10,000 USD, and my technical analysis of weekly it's could be invalided if Bitcoin continue with the strong trend of bulls do.
And finally, in Daily this is the situaton that we are now. Now, this point are important for watching in Daily, if Bitcoin show us that have force for bulls investors and bulls trader, that is a fake that is a bull trap for bears and the ascendent triangle it's could be extent the support line diagonal, and the possible to goes to up is highly than to to crash again.
Now, my reccomendation is to hope how the candlestick is closed in the next hours, and also reccomend to hope tha candlestick group that if we identify a bulls are prepared to will they going to carry the price in the up.
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At the moment I entry in long now, because n M30 minutes I see that the formation of that candlestick that leave wickdown, there are a position so longs
Trade closed: stop reached
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Butcoin invalided my chartist pattern. So I believe than error is notfollowing the EMASand priceaction. And while, I believe that thi green zo e is not much necceary to mark becUse it's not a zone.
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I re-activate. A mew order with the same lots that I invest in BTC. DID YOU NOTICED? That not a drop, wasamanipulation and my idea is good, but was a manipulations to liquidated longs. So i reentry in long in the market again in BTC. Dont wlrry of ETH is okay and wasmanipulation too
Thank you for sharing your idea.
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SUPERBVD
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Bear trap. Corona virus scares are making people bullish on cash. There’s too much low volume right now to moon. Next dump we’ll see it touch the stars
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