BTC severe dump is coming ??? prepare yourself for this move!!!
Hello traders . some of my followers asked me about my BTC prediction in the comment section ; so i decided to publish my prediction about BTC but i don't think you like to see this massive move to the down side !!
so let's start with the same pattern as what we had before the severe dump :
first time when i found this similarities in the chart , actually I was shocked because the price target is very low and i think it's better to share my idea with my followers .
but where is the similarities that I'm talking about ?
for finding them we need to zoom in the chart and :
1_ we can see a clear bearish divergence in the RSI ; and the lack of the volume when price goes up but vice versa we can find big red volume candle when price goes down .
(A) = bearish divergence in the RSI :
(B) = lack of the volume :
2_ possible similarities in the fib levels (retracement & extension) :
(A) =
when you look at the fib level , you can see after the breaking of the pattern ; price goes up and tested 0.618 before the actual move , it's very possible for price to do same thing again
(B) =
so here is my idea about BTC price , but seriously i worried about BTC.D but why ?
let's look at BTC.D weekly chart :
previous time when BTC.D reached this level was at 06 may 2018 and then BTC.D found support from this level and start to rise until to the 10 sep 2018 ; but what's exactly happened to the BTC at that time ??!!! lets find in the BTC chart :
BTC price started to dump about 40% .
but as final words guys , I don't say BTC gonna crash hard , but be careful this days , lets pray to not happening again.
so let's start with the same pattern as what we had before the severe dump :
first time when i found this similarities in the chart , actually I was shocked because the price target is very low and i think it's better to share my idea with my followers .
but where is the similarities that I'm talking about ?
for finding them we need to zoom in the chart and :
1_ we can see a clear bearish divergence in the RSI ; and the lack of the volume when price goes up but vice versa we can find big red volume candle when price goes down .
(A) = bearish divergence in the RSI :
(B) = lack of the volume :
2_ possible similarities in the fib levels (retracement & extension) :
(A) =
when you look at the fib level , you can see after the breaking of the pattern ; price goes up and tested 0.618 before the actual move , it's very possible for price to do same thing again
(B) =
so here is my idea about BTC price , but seriously i worried about BTC.D but why ?
let's look at BTC.D weekly chart :
previous time when BTC.D reached this level was at 06 may 2018 and then BTC.D found support from this level and start to rise until to the 10 sep 2018 ; but what's exactly happened to the BTC at that time ??!!! lets find in the BTC chart :
BTC price started to dump about 40% .
but as final words guys , I don't say BTC gonna crash hard , but be careful this days , lets pray to not happening again.
