BTCUSDT Here with a perfect symmetrical triangle, which can go either way. We see both a support trendline and a resistance trendline, and the price is closing in on the final decision moment. Will the price go up, or will the price go down? Be warned, because sometimes these critical decision areas lead to high volatility.
The last option is that a decision is postponed, and that BTC will go into a BB Squeeze, lowering both in volatility and volume. Bulls and bears will wait on the sideline to go all-in whenever a decision is made, so keep an eye on any sort of sudden volatility or volume spikes!
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Again, it seems like it's playing out exactly how I thought it would be, according to the bearish scenario:
Be mindful that if indeed the scenario plays out, there might be one more strong downwards candle to a level of around 5500 before we will see potential increases in price again.
It's nice to see some one looks at the chart like i do for a change! 😂👌
Keep up the good work man.
Trading-Guru
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@Iampyhr, Hahahah my thoughts were exactly the same ;)
Trading-Guru
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@Iampyhr, Hahahah my thoughts were exactly the same ;)
loseronbitcoin
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nice work man thanks
Trading-Guru
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@Heisalirezanaderi, it looks like it's following the bearish scenario now. This analysis is playing out nicely:
aminnima_908
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hi.in my personal advice bear scenario can be happen soon
Trading-Guru
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@aminnima_908, Seems like you were right! We just got quite a spike downwards.
alienteck
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Even inverse etc's have trouble moving up in a falling markets. They only move normally when the markets stablise. So BTC moving up while others are falling is not normal. Where the markets stablise is anyone's guess but at that point if there is fundamental backing I expect BTC to move up hard. No one takes cash off the table to put it into something else speculative even if people in Iran and Venezuela are buying BTC because of their banking problems.
Trading-Guru
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@alienteck, would be nice to show this behaviour of BTC moving up while others are falling in a 'comparison' chart
I am new to BTC and this site.. But should not be difficult to plot 2 symbols from the other day when DOW went up 2000, BTC went up like 2% but when DOW went down 2000 BTC was unchanged.. So its not related as such.. But ALL coins seem to be related and synced to each other. Only relation is when someone needs money, there is no liquidity in BTC to provide it. The US$ strength does move BTC UP while Gold will move down. But liquidity is more important than anything else here. Since the 16th this is clear they dont move together.
Keep up the good work man.