Tuesday, 21 June 2022
02:24 AM (WIB)
Technically, Bitcoin still trading in a falling wedge of the parallel channel. There are several times hit the middle lines of the parallel channel. And it seems the middle lines won't last stand against the huge bears until next month. There are always be "IF" in this trading. Once the middle lines of the parallel channel are broken, the price will slide down to $10.000 or even more low to $4.000? However, the price needs to hit the ground. And the probability still moves more low to the bottom of the parallel channel. And, before this month-end, there are still 10 days for Bitcoin to touch the ground. Interesting! Where is Bitcoin's lowest low? $3.500 - $4.000 seems possible right now in the Weekly time frame.
Another option, moving up? I don't think so. The highest resistance will be at $30.000. And it looks so hard to find buyers at this moment.
The RSI and Stochastic show how low Bitcoin is right now. So, the result is Bitcoin will move lower and breaks the middle lines of the parallel channel. And at the MACD, Bitcoin is at the very best of lowest low. This is also interesting for me. For more than 2 years when Pandemic in March 2020, the Bitcoin start rising like there are no resistance. And when the Vaccines Covid was established, the Statistics show Bitcoin has a direction to move lower and lower. And at this time, I think Bitcoin has resulted in ending the pandemic into Endemic and starting normal life again. So, the price already came back to the current price.
Bitcoin will be Bitcoin. Cryptocurrency has become an interesting asset. So, this endemic trading period has already come. I'm not the kind of man that trades every day. But one thing is for sure, once the price hit the ground, Bitcoin will start to move up again. So watch and learn until next month. Purchase Bitcoin when it hit the ground, and keep it as long as it can be. No need to purchase or spend money on Bitcoin. Buy a little and win a lot of money. That's the art of trading. PS: Keep on watching in Ethereum too.
Best regards,
RyodaBrainless.
02:24 AM (WIB)
Technically, Bitcoin still trading in a falling wedge of the parallel channel. There are several times hit the middle lines of the parallel channel. And it seems the middle lines won't last stand against the huge bears until next month. There are always be "IF" in this trading. Once the middle lines of the parallel channel are broken, the price will slide down to $10.000 or even more low to $4.000? However, the price needs to hit the ground. And the probability still moves more low to the bottom of the parallel channel. And, before this month-end, there are still 10 days for Bitcoin to touch the ground. Interesting! Where is Bitcoin's lowest low? $3.500 - $4.000 seems possible right now in the Weekly time frame.
Another option, moving up? I don't think so. The highest resistance will be at $30.000. And it looks so hard to find buyers at this moment.
The RSI and Stochastic show how low Bitcoin is right now. So, the result is Bitcoin will move lower and breaks the middle lines of the parallel channel. And at the MACD, Bitcoin is at the very best of lowest low. This is also interesting for me. For more than 2 years when Pandemic in March 2020, the Bitcoin start rising like there are no resistance. And when the Vaccines Covid was established, the Statistics show Bitcoin has a direction to move lower and lower. And at this time, I think Bitcoin has resulted in ending the pandemic into Endemic and starting normal life again. So, the price already came back to the current price.
Bitcoin will be Bitcoin. Cryptocurrency has become an interesting asset. So, this endemic trading period has already come. I'm not the kind of man that trades every day. But one thing is for sure, once the price hit the ground, Bitcoin will start to move up again. So watch and learn until next month. Purchase Bitcoin when it hit the ground, and keep it as long as it can be. No need to purchase or spend money on Bitcoin. Buy a little and win a lot of money. That's the art of trading. PS: Keep on watching in Ethereum too.
Best regards,
RyodaBrainless.