Good day today everyone,
It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation of a reversal trend.
(TD Sequential Weekly Nine. Descending Wedge Breakout Setup Trend. Positive Momentum over MACD. Buy Signal on RSI)
The formation of this year has many nuances from two years prior that we elaborated on in our previous analysis. It is from our past, we find familiarity in our perceptions of the present. It is from the past we create our thoughts and behaviors. This year has gone by so rapidly we remind ourselves, yet perhaps it is technology that is now consistently reminding us how short time is. The movement from Bitcoin is a reflection of our collective interpretations. It behaves like our past but, we as beings innately desire to advance. This fear of paralysis will drive our desire for an alternative present and future.
I've highlighted the two hundred day moving average in yellow. Previously we chased the band until it's resistance drove price downward. This is the beginning of that same cycle. Mid-December of twenty-eighteen, we broke out of a similarly depicted descending wedge. The weekly RSI indicator shows an imprint similar to that time frame as well. Consequently, we arrive at the present moment five thousand dollars higher. To solidify our impression, we back our analysis with a weekly TD Sequential Nine.
Why would we risk a return to the base of the mountain when we have come so far? That would be an illogical use of fuel. Perhaps a climatologist could provide some clarification. This is the beginning of a long journey ahead of Bitcoin. It would seem we're on track for an unprecedented experience that will echo throughout time. Thanks for tuning in for this update on our Bitcoin Price Analysis with me, your host, xR.
It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation of a reversal trend.
(TD Sequential Weekly Nine. Descending Wedge Breakout Setup Trend. Positive Momentum over MACD. Buy Signal on RSI)
The formation of this year has many nuances from two years prior that we elaborated on in our previous analysis. It is from our past, we find familiarity in our perceptions of the present. It is from the past we create our thoughts and behaviors. This year has gone by so rapidly we remind ourselves, yet perhaps it is technology that is now consistently reminding us how short time is. The movement from Bitcoin is a reflection of our collective interpretations. It behaves like our past but, we as beings innately desire to advance. This fear of paralysis will drive our desire for an alternative present and future.
I've highlighted the two hundred day moving average in yellow. Previously we chased the band until it's resistance drove price downward. This is the beginning of that same cycle. Mid-December of twenty-eighteen, we broke out of a similarly depicted descending wedge. The weekly RSI indicator shows an imprint similar to that time frame as well. Consequently, we arrive at the present moment five thousand dollars higher. To solidify our impression, we back our analysis with a weekly TD Sequential Nine.
Why would we risk a return to the base of the mountain when we have come so far? That would be an illogical use of fuel. Perhaps a climatologist could provide some clarification. This is the beginning of a long journey ahead of Bitcoin. It would seem we're on track for an unprecedented experience that will echo throughout time. Thanks for tuning in for this update on our Bitcoin Price Analysis with me, your host, xR.
Comment:
Bearish Last Kiss Signal initiated. Look out for a retest of the bottom.
Comment:
Bearish Ascended Wedge Signa Initiated. Look out for a breakdown. Be aware of the accelerated downward trajectory. $7000-$6800 is not a line of support, it is a purchasing point. Price points in this region will generate an accelerated downward trajectory.
Comment:
Looking for a potential short-term reversal, my expectation is this will be for profit-taking, and reloading shorts for lower price targets. I'm observing what looks to be a bullish kangaroo tail, ascended bull flag, forming into a symmetrical wedge. Standing by for confirmation.
Comment:
Final Confirmation on its way. Bullish Kangaroo on the 15minute was confirmed. Seeking confirmation over the hourly.
Closing below 7402 and we'll have a bearish response or closing above 7407 and we'll have a bullish response. Currently unconfirmed. Currently reviewing the hourly chart.
Closing below 7402 and we'll have a bearish response or closing above 7407 and we'll have a bullish response. Currently unconfirmed. Currently reviewing the hourly chart.
Comment:
Do note:
These signals are formulating on the lower side of the our resisting chanel, generally, this is a bearish indicator. My general feeling at the moment is generally rather bearish.
These signals are formulating on the lower side of the our resisting chanel, generally, this is a bearish indicator. My general feeling at the moment is generally rather bearish.
Comment:
Hourly Failed - Over 1 of 3 major exchanges.
Another bullish Kangaroo Tail Confirmed over 15 minutes, looks like we'll be having a small break out. Targets Between $7550 - $7800 (maximum)
Another bullish Kangaroo Tail Confirmed over 15 minutes, looks like we'll be having a small break out. Targets Between $7550 - $7800 (maximum)
Comment:
Bullish Kangaroo Tail Confirmed... That was a bit larger than $7800! Ha!
