TradingView
weslad
Jun 16, 2020 8:17 PM

BTC important market update 

Bitcoin / TetherUSBinance

Description

Hello everyone,

Well, its amazing that price still holding above 9k since my last Bitcoin update, this gave me a serious worry because I expect a massive drop to have occurred, but not withstanding we made a great call by calling the TOP for everyone to short and book their profits. No matter what shorting from 10k2 will give massive profit for those that follow it.

Do check out the last update.


Based on series of Bitcoin update request from you guys this prompt my action into researching on possible market moving pattern in respect to both short and medium terms views.

Here are my findings: Most of them are self explanatory on the chart and details will follow shortly.

Stay tune as all the findings in both short and medium term will be posted as soon as possible. Before this I will appreciate your kind gesture on my post with your likes.

Thank you.

Trade active

Here is first update, its easy to understand the immediate action on BTC with this little update. Wait for more

Trade active

This analysis showcase price-volume relationship on BTC.

Trade active

still active view

Trade active

Trade closed: target reached

Comments
m.sarvi
BTC is totally following the stock market. Just compare it with DJI or SPX on 4H, they almost look the same. There's a fact that fed is manipulating the stock market so it's also affecting BTC, forcing it to move with an unexpected behavior. Now I wonder if you took this into consideration while anticipating the short/mid-term scenario.
Honalulu
@M.sarvi, he doesn’t understand this.
weslad
@M.sarvi, very sure, every possible factors that need to be consider are all put together to make sound and healthy analysis.
faraz3153
I am sure people will be surprised to see this chart in future. Weslad you have always amazed us with your analysis. Great work
LuckyTrader102
Check my idea
UnknownUnicorn7493228
@LuckyTrader102, It's possible
DigitalData
Sorry this trend line is garbo along with using log scale.. this is a perfect example why you never use log scale
Octaviavasilescu
nice work
triquista
Amazing. I share your view.
weslad
@triquista, thank you for sharing your view with us
More