Alert: Bitcoin is not prepare to go Bullish before you see it!!!
Hello guys, in this special and technical analysis I make a lot updates of Bitcoin, so, we are in the in the supply zone, and we are a possibility to oferens or sellers are sell their Bitcoin. Because we proyect a sell off, if you check out the weekly timeframe, Bitcoin is not have force to continue up, While of there, in short term we could see a Bitcoin around of $7,000 USD again as the past years.
Look:
In weekly tmeframe, we are in the possible correction of Bitcoin toward the zone between $7,000 USD to $6,900 USD, that is approximately target profit for you to put in short position and then, You can to earn money in the shortest of Bitcoin price.
And in this timeframe in H1 timeframe we see a nice short position to following the squeze of trend, in that case is so bearish.
Well, I use Fiboancci and Bitcoin is leave at the 0.618% of Fibonacci and I proyect a target profit around of $8,900 USD, because the EMA 200 is above of the price action and that is so bad for Bitcoin becase we could to see a Bitcoin now to sell off.
And in Daily timeframe, we see a Bitcoin so bearish in the short-term, because in Dily we are following the bearish channel, in case that Bitcoin is below of $6,900 USD, we need to make a specail and another technical analysis to retest possible level of see in Bitcoin if that phenomenol occur again as we see in April How Bitcoin have a sell off of $10,000 USD to $4,000 USD in shortterm, So, guys the panic is here and Bitcoiners are selling Bitcoin to buy more cheap.
Tomorrow I will going to check 3 cryptocurrencies: Ethereum, Ripple and Ethereum to see the trend in this altcoin. And Saturday I want to make a technical analysis of Cardano, because I have Cardano in hold for the next altseason booming!!!
Look:
In weekly tmeframe, we are in the possible correction of Bitcoin toward the zone between $7,000 USD to $6,900 USD, that is approximately target profit for you to put in short position and then, You can to earn money in the shortest of Bitcoin price.
And in this timeframe in H1 timeframe we see a nice short position to following the squeze of trend, in that case is so bearish.
Well, I use Fiboancci and Bitcoin is leave at the 0.618% of Fibonacci and I proyect a target profit around of $8,900 USD, because the EMA 200 is above of the price action and that is so bad for Bitcoin becase we could to see a Bitcoin now to sell off.
And in Daily timeframe, we see a Bitcoin so bearish in the short-term, because in Dily we are following the bearish channel, in case that Bitcoin is below of $6,900 USD, we need to make a specail and another technical analysis to retest possible level of see in Bitcoin if that phenomenol occur again as we see in April How Bitcoin have a sell off of $10,000 USD to $4,000 USD in shortterm, So, guys the panic is here and Bitcoiners are selling Bitcoin to buy more cheap.
Tomorrow I will going to check 3 cryptocurrencies: Ethereum, Ripple and Ethereum to see the trend in this altcoin. And Saturday I want to make a technical analysis of Cardano, because I have Cardano in hold for the next altseason booming!!!
