Bitcoin form a bearish flag; bearish signal!!!
At the moment and analyzing in H4 timeframe, I see that Bitcoin form a bearish flag that we forming between yesterday and today. Guys, the moment to sell cryptocurrencies are putting for investor the option to get cash and for the moment, don't invest in cryptocurrencies. This drop could be a big crash in the crypto-markets as China take control over citizens to prevent to use Bitcoin, and that put a Bitcoin in the risk by the China Government. But guys, if you save cash in what you get profitable, you can to buy more cheap cryptocurrencies and more coins that you have now.
s3.tradingview.com/s...shots/9/9tXYAO39.png
Now, if you look the H8 timeframe, Bitcoin it's making a pull back below of $35,000 USD key resistance in H4 timeframe, and I believe that Bitcoin it's not forming any bullish flag that I show you yesterday, just that Bitcoin could to continue crashing in the next days.
s3.tradingview.com/s...shots/d/DrSSfRpl.png
Now, based in this theory, Bitcoin could to crash 28% to go to $25,000 USD approximately or crash 50%, and that put a Bitcoin price to $17,000 USD. in any mode, if that occur, Ethereum, Cardano, XRP and cryptocurrencies going to suffer more.
Now, I put a sell order limit at $32,600 USD in my trading app with the SL at $34,000 USD and my specific target will be $25,000 USD.
***As I buy Cardano coins, I decide to sell again. In the morning, I tweet that I sold my Cardano coins to get cash for now, There's not any good moment to invest in Bitcoin or any cryptocurrencies as the trend it's becoming more bearish.
s3.tradingview.com/s...shots/9/9tXYAO39.png
Now, if you look the H8 timeframe, Bitcoin it's making a pull back below of $35,000 USD key resistance in H4 timeframe, and I believe that Bitcoin it's not forming any bullish flag that I show you yesterday, just that Bitcoin could to continue crashing in the next days.
s3.tradingview.com/s...shots/d/DrSSfRpl.png
Now, based in this theory, Bitcoin could to crash 28% to go to $25,000 USD approximately or crash 50%, and that put a Bitcoin price to $17,000 USD. in any mode, if that occur, Ethereum, Cardano, XRP and cryptocurrencies going to suffer more.
Now, I put a sell order limit at $32,600 USD in my trading app with the SL at $34,000 USD and my specific target will be $25,000 USD.
***As I buy Cardano coins, I decide to sell again. In the morning, I tweet that I sold my Cardano coins to get cash for now, There's not any good moment to invest in Bitcoin or any cryptocurrencies as the trend it's becoming more bearish.
Comment:
My short entry was around of $31,588 USD with the SL around of $33,250 USD and my target profit will be $25,000 USD
Bitcoin continue in sell'offf. There´re not any information that Bitcoin going to up-