BTC (Bitcoin) Bullish OR Bearish..!!

Bitcoin / US Dollar IndexBitMEX

Description

⋅ Sep 11, 2019 10:57 AM

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 .

Please, give us your opinion in the comments!

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The information given is never financial advice. Always do your own research.

Comments

josque

⋅ Sep 11, 2019 11:27 AM

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

Faibik

⋅ Sep 11, 2019 11:28 AM

@josque, Thanks For Sharing