have any questions about the idea ? comment in the comments section below :)
1. Is Bitcoin still ?
Ans : Yes according to the pattern observed in the 4 hourly chart
patter can be found on the 4 hourly chart ( )
A key is present at 7555$ level
2. What indicates the pattern is failed ?
Ans : if a candle is completely formed below the 7555 it would indicate a strong
3. In what other cases will the current turn into ?
Ans: if bulls fail to bring up the price above 9126$ level (which is a kind of weak resistance found in past 2 months) will turn into
which might cause a drop to 8100-7800$ Level's
4. Whats the situation in lower time frames ?
Ans: and is found in lower frames
whats my personal opinion ?
the current shown in the lower frames is largely because to the negative trend going on in the world markets
So be patient for the results to show up.
Always wait for the confirmation before starting a trade
dont let your emotions decide the trade.
May you succeed in all your trades :)
9500 might be a very strong resistance but 10500 would be a good price for dip buyers to sell of their positions and even for whales(for now whales arent even in the picture yet)
and the recent growth is mostly driven by organic buyers but not the wales so price gng back to where it started is quite questionable .
in a bigger picture there is even a chance for bitcoin to go below 2400$
which im gng to post after the halving.
have a nice day :)