BTCUSD: What we have to do with you bitty-bite?!
This living being is now a 12-13 year old teenager. How many times we thought to ourselves that: "How in any world an encrypted virtual number can be of any value?!"
The time passed by & against all adversaries & being condemned to be destined to death and many considering it as a the most ridiculous property ever, now see how engaged we are all with it?!
I thought here the Elliots are going to work, but they are not!
Seems that no whale & the market is willing to sell from one side & on the other side not so much buyers are there. I prefer to speculate that bitcoin is consolidating and what comes next? I really do not know now. Though it continues to grow to be an adult and we expect higher prices and many more real-world usages, that is it who is making fun of us for short term positions.
Our chance to predict prices is always 50-50. Right? So if we say that now we have concluded that based on this & that indicator it is going down for a while it can be true 50% and vice versa.
That is how the future markets are run & gambling on BTC price is managed. This painting which I have presented here does not sound illogical. It may be deficient & I might have ignored some important things, but Weekly RSI now is in the oversold zone & the daily in the overbought. MFI in daily is implicating that more money is coming by. PSAR is down there below the price chart in weekly, daily & 4H. I am waiting for an ABC pattern & Cypher pattern to be formed and completed to go down at least toward 41K! But, some strong uncertainty is revolving around my head. As if I am drunk now & from checking on others analyzes now vivid picture is understood!
Where are you going now bitcoin? I may have to care for my alts at the moment. They have had such great corrections and seeming money has been shifted over there if I am right! But, bitcoin is a cruel teenager if it starts to grow it suck almost all the money & if it decided to go back down we are doomed with everything! Right?
So, I let this analysis be neutral & I prefer to go home & take care of my cute cat!
Sometimes just do not do anything if you observe Risk & Money Management principles. Good luck & congratulations for Persian Nowruz.
:-)
The time passed by & against all adversaries & being condemned to be destined to death and many considering it as a the most ridiculous property ever, now see how engaged we are all with it?!
I thought here the Elliots are going to work, but they are not!
Seems that no whale & the market is willing to sell from one side & on the other side not so much buyers are there. I prefer to speculate that bitcoin is consolidating and what comes next? I really do not know now. Though it continues to grow to be an adult and we expect higher prices and many more real-world usages, that is it who is making fun of us for short term positions.
Our chance to predict prices is always 50-50. Right? So if we say that now we have concluded that based on this & that indicator it is going down for a while it can be true 50% and vice versa.
That is how the future markets are run & gambling on BTC price is managed. This painting which I have presented here does not sound illogical. It may be deficient & I might have ignored some important things, but Weekly RSI now is in the oversold zone & the daily in the overbought. MFI in daily is implicating that more money is coming by. PSAR is down there below the price chart in weekly, daily & 4H. I am waiting for an ABC pattern & Cypher pattern to be formed and completed to go down at least toward 41K! But, some strong uncertainty is revolving around my head. As if I am drunk now & from checking on others analyzes now vivid picture is understood!
Where are you going now bitcoin? I may have to care for my alts at the moment. They have had such great corrections and seeming money has been shifted over there if I am right! But, bitcoin is a cruel teenager if it starts to grow it suck almost all the money & if it decided to go back down we are doomed with everything! Right?
So, I let this analysis be neutral & I prefer to go home & take care of my cute cat!
Sometimes just do not do anything if you observe Risk & Money Management principles. Good luck & congratulations for Persian Nowruz.
:-)
Trade active:
It is going down based on analysis.
