BITCOIN Interesting LookOut Why XBT Falling From19k-3k then2k
Here is the very interesting but big player hard to believe the truth behind the fallout of BITCOIN (In this illustration XBTUSD )
The DownTrend at 19500 was first identified in W Weekly chart using LongBuyLongSellIndicator as the candle become Blue to Black. And Strengthmeter numbers (1 2 3 P D etc) were good.
From this Weekly chart ,now we do slice and dice of , 4Hour chart ,3Hour Chart,2Hour Chart ,1Hour Chart and 45min chart (All charts are below one by one )
: Red StrengthMeter 1 2 3 P- D- all formed in signle straight line (Look above D marker in rose color D is Daily) This shows every day Bitcoin was trying to go down.
Now Lets Go further lower time frame D to 4H (Shown in chart both D and 4H where the short occured) -Here again the strengthmeter shows heavy .Chart should tell you that story
Here lets go to 3H Again Big CATs not allowed BTC to try to go up ;They are heavily beating it to go down and down.
Lets go to 2H chart in the same :
Though minor bull was there ,Earlier Big CAT started heavily beating it up to go down...
Here the story not end ;Let us go to 1H chart now;Hey again the strengthmeter shows heavy weekness and the price dropping down;chart tells that not me
Again in every time frame, the RED strengthmeters are formed continuously and the BIG CATs pushing the price down.
What to infer from this move of 19000 to 3K.
big players are playing the Game to Track the BITCOIN to below 2K.
Hard to Believe Wait and Watch !!!!
Then when to Confidently enter for Bull of BITCOIN .
Here the key is to look for the Weekly chart to shine the candle in Blue Color like this.
As shown here the Weekly price needs to Heavily move up and the Average line should become Red to Green as shown in the below.To lose invest now to gain wait for patiently until this miracle happens in the Weekly chart to join the Millionaire Club again.
Very interesting analysis like my earlier Bitcoin to Touch 2k.
So my prediction Player playing the Game Bitcoin to Touch 2k for sure.W hen to Long only when Weekly chart shows candle.
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XBT players BTC player be cautious.
More Down to come