BTC - Bearish Crossovers

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders

I just want to pay your attention to this two bearish crossovers on 1 day chart.
Please be careful when trading now it looks like history will repeat itself.

All my previous long term analysis and targets are valid.

This is for education perpouse only.

Trade Safe and Good Luck
Trade active: It looks like BTC is falling below red resistance line.
If you are short be careful price is likely to fall and this can be sudden dramatic drop.
Don't get into trouble by being overconfident, remember always better nail down solid gains that lead to large, overall profits.

Bearish Crossover is now present on 4h time frame.
When we look back at the recent history (circled on chart) there are early warning signs before the fall occurs.
Comment: How to separate pro from amateur trader? Now is a good time, when Bears rules. When you look at "top traders" analysis and if you will compare they "predictions" before trend changed you will see how quick they change their mind, even quicker then price drops in BTC. It looks like they don't know what they are doing or maybe they have different intentions.
How all this masters,wizards etc. didn't see that price was rising and volume goes down and how they did't notice bearish crosses,double top with weak volume all these indicators are a clear signs of trend change. Another thing since the end of December price is going lower and lower and I am wondering how people can call for bull run in this situation and again with no volume? Please read my previous considerations and you will understand what I am talking about.
Remember professional trader has a detailed trading plan and knows exactly what he is looking for and when he is going to trade. He does not flip through timeframes, but just waits patiently until the trade comes to him and most important always sticks to the plan and not trade for the excitement.
So be careful who you trading with.

Please remember I always give you long term trend analysis and the target.


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