Updated: Bitcoin is formed a bearish rising wedge
Hello guys, on this analysis, Bitcoin is formed another bearish pattern, and then, the indications show that we need to closed up long position because Bitcoin is leading to the again $10,000 USD support!!!
This is the H8 timeframe and looking out, we see a Bitcoin that need to lead to the $10,000 USD, so the mean a sell of Bitcoin!!!
Now, in H4 Timeframe we look out the same situation, that we are in this bearish rising wedge, and obviously we need to put in short position at the best price to sell it.
At the moment, my price to sell Bitcoin is $10,377 USD. I put a short order limit at this price with a SL at $10,574 USD and obviously my exact target is $10,000 USD. Just to find down a drop of 3.78%. Also guys, if you noticed it, in H4 we could see a formation of double top on Bitcoin, that it's could be an interestin long position in the future.
So, that bearish movement was occured at 4 am at New York time, that hour I'm sleeping in my bed, but well, looking out, we see yet a bearish movement.
This is the H8 timeframe and looking out, we see a Bitcoin that need to lead to the $10,000 USD, so the mean a sell of Bitcoin!!!
Now, in H4 Timeframe we look out the same situation, that we are in this bearish rising wedge, and obviously we need to put in short position at the best price to sell it.
At the moment, my price to sell Bitcoin is $10,377 USD. I put a short order limit at this price with a SL at $10,574 USD and obviously my exact target is $10,000 USD. Just to find down a drop of 3.78%. Also guys, if you noticed it, in H4 we could see a formation of double top on Bitcoin, that it's could be an interestin long position in the future.
So, that bearish movement was occured at 4 am at New York time, that hour I'm sleeping in my bed, but well, looking out, we see yet a bearish movement.