Take a look at my last analysis which this one is related to to fully understand my drawings.
Once again BTC misses an opportunity to break the heavy resistance. Instead it demolishes its last uptrend support and falls back to lower levels. To understand the future movement, I took a look at the past where we can clearly see a lot of curves suppressing Bitcoin. I expect BTC to follow that price again and get back to the bottom around 7000 USDT.
Long-term we are clearly moving within a giant triangle - zoom out in my chart to see it fully drawn. Short-term we might see a double top (consider taking a look at my MACD trend lines).
Good luck and happy trading!
Once again BTC misses an opportunity to break the heavy resistance. Instead it demolishes its last uptrend support and falls back to lower levels. To understand the future movement, I took a look at the past where we can clearly see a lot of curves suppressing Bitcoin. I expect BTC to follow that price again and get back to the bottom around 7000 USDT.
Long-term we are clearly moving within a giant triangle - zoom out in my chart to see it fully drawn. Short-term we might see a double top (consider taking a look at my MACD trend lines).
Good luck and happy trading!
Trade active:
I called for the double top and it came true!
Now we are on our way to complete the triangle pattern which leads us to a drop to about 7000 USDT.
Even my drawn MACD trend lines are still active so please consider this analysis seriously when trading BTC/USDT!
Now we are on our way to complete the triangle pattern which leads us to a drop to about 7000 USDT.
Even my drawn MACD trend lines are still active so please consider this analysis seriously when trading BTC/USDT!
