Faibik

BTC (Bitcoin) Bullish OR Bearish..!!

BITMEX:XBT   Bitcoin / US Dollar Index
BTC ( Bitcoin )

Descending Channel..!!

- Price Hanging Between KUMO Cloud & Falling Channel in Daily Timeframe ..

- Major Indicators Are Turning Bearish But For Now 9.2k Support is the Last Hope For BULLS..

- If Holds the Support then Another Pull Back Expected From 9.2k Support to 10.4k

Bearish Triangle..!!

- Bitcoin is Forming Bearish Triangle Pattern in Daily Chart ..(Not Completed Yet)

- Major Indicators ( MACD & RSI ) Turning Bearish ..

- IF BTC Broke the Support (9.2k) Then It Could Fall Badly..



Falling Wedge ..!!

- In Shorter Timeframe, BTC Forming Falling Wedge Pattern As well..

- if Follow this Pattern then It Could Test 9700$ tiny Support.

- So if it Work out, Then We May Expect Upward Bounce..



BTC Dominance..!!

- BTC Dominance Has at Top & Facing Very Strong Resistance ..

- I think Dominance will Dump Hard in Coming Days..( RSI Overbought + MACD and RSI Bearish divergence)

- It'll be Beneficial For ALTS/BTC .



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The information given is never financial advice. Always do your own research.
Very nice and good analysis, I have asked the same question...
to B(e)itcoin or not to B(e)itcoin... and here you might get a pretty detailed answer, plus, if you watched the hole video and want to get some advanced materials, you might want to read the update... cheers

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Faibik josque
@josque, Thanks For Sharing
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