BITCOIN (#BTC): Do not be fooled! Be ready to go DOWN!
Hello Guys,
What happen with BTC now?
In my opinion, BTC rise was just a good artificial pump and after a pump there is always a dump! This pump wasn't enough for significant BTC upward growth. BTC was stoped by EMA21 again. Now is bouncing between EMA21 and support level at $6700. I still beleive, that 5th Elliot's Wave will be finished and price will drop down to the price at $6200 or likely below. Meanwhile BTC is forming bearish pattern called as "Ascending Broadering Wedge". I hope, this pattern helps to EMA21 bounced BTC down.
Never invest all your BTC in one or two coins. Diversify your balance with *1/10. Remember to set stop-loss 5% - 7% below of your entry point. Always set a stop-loss at entry point after the price increased. Always sell 30-50% of your investment and set a stop-loss at 5-10% below after reach first target.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
What happen with BTC now?
In my opinion, BTC rise was just a good artificial pump and after a pump there is always a dump! This pump wasn't enough for significant BTC upward growth. BTC was stoped by EMA21 again. Now is bouncing between EMA21 and support level at $6700. I still beleive, that 5th Elliot's Wave will be finished and price will drop down to the price at $6200 or likely below. Meanwhile BTC is forming bearish pattern called as "Ascending Broadering Wedge". I hope, this pattern helps to EMA21 bounced BTC down.
Never invest all your BTC in one or two coins. Diversify your balance with *1/10. Remember to set stop-loss 5% - 7% below of your entry point. Always set a stop-loss at entry point after the price increased. Always sell 30-50% of your investment and set a stop-loss at 5-10% below after reach first target.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Today was amazing day. The most of market was in green :-) . I hope, this trand will continue for a few next days. But everything mostly depends on BTC. Let's take a look at current situation. As we see now double bottom was performed (01.04.) and BTC rising, for 3 last days. Also BTC successfuly got through important resistances EMA21 at $7200. Now BTC is bouncig up from EMA50 at $7400. I suppose to BTC win and upwardtrend will continue up to next resistance at $7800. If it happens, 5th Elliott wave will be confirmed and ABC correction should begin. EMA200 is located at $7800. I hope it will help EMA200 to dropdown BTC below $7400 - $7200.
Check detailed TA listed below.
Good Luck