SWINGPROFESSOR
Short

BTC final down phase!? bull market near!?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

Sorry for the long pause. I was taking some vacation time ;)

Now back to the charts!

As we see on this 1 D chart on Coinbase, BTC looks like it is topping out here in the 5600-5700 $ areas.
It might have the last attempt to go higher to the 5800 areas, but I guess really soon the short term trend will reverse. In May 2019 we will see some strong sell action on BTC . I think we will revisit 4000-4200 $ areas at very least.
Maybe even a bit lower to the 3500 $ areas.

This looks very similar to the last bear market of BTC .
The final phase before the bull market might have just started.
Be ready to rumble!


Let's see...




Happy and safe trading!




*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.

Comments

Very nice, I agree with your observation. This is my thoughts for BTC

Reply
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