As you can see there is a bearish divergence on the RSI. Not only that the price seems to be exhausted and if btc breaks 35k support it’ll head down to 18k then to 12-13k for exit. There is no guarantees but this is my idea. Buy and sell or trade at your own risk.
Is bitcoin forking from reality? Or is it a really good time to sell?
"Who’s nervous about the outcome of the US presidential election? Not the markets. Bitcoin is up above $14,000 and stocks are soaring."- Decrypt, Nov 4, 2020.
I wont provide a very long explanation to why I'm short as I believe the chart speaks for itself.
This chart is following a key uptrend from 2015.
I've charted the macro levels to watch for in the current market.
- Maintain above 11.8k will most likely turn a result of a break above 12k
I'll keep this chart updated
🏆 If you found this chart helpful 🏆
As we've recently seen, bitcoin has shredded through some critical price levels but will this there be enough momentum to take it the ATH & more?
In my opinion, I think BTC faces a major test at this 12k price zone & i'll be looking to go long once it closes this area on the weekly.
What are your thoughts and outlook on BTC for the year?
I am still bearish & my first plan is going as planned so far
one of my subscriber shared this Head & shoulder idea, In my honest opinion Inverse Head & shoulders on the top of the range usually doesn't break upwards & we might form a Right shoulder but it may fail to breakout
just incase we...
Bitcoin has been volatile and without clear direction since falling from its local high of 13800~. Anyone who has paid attention lately is aware that BTC has formed a steady upward-trending support, and has been rising throughout the last week on low, but steadily increasing, daily volume.
The bulls might have pierced this channel briefly, but they failed to hold...
After hitting the weekly bullflags breakout target at 12197, BTC has continued soaring bullishly upward with practically zero resistance in between 12k and 13k...next potential resistance is 13070 but at this point its questionable if it will be that significant. This parbolic move is unlike anything I've ever seen and where the correction may finally be is as of...
The two roads people ... the fork in the road. Always decisions in life. Left or right, on or off, go or no go, right or wrong, up or down?
How do you decide when to buy or sell? Do you gamble, listen to others' guidance, or your own TA, identifying possibilities, key decision points and then execute a strategy for min loss/max gain, to improve chance of...
We are still in a Bear Market but we do have a nice bounce back to $12K in the next week ahead of us!
Currently, riding Wave 1 hopefully to $10K mark as long as we don't get more FUD'ing News,
Wave 2 coming soon be prepared for a slight dip down to the low $9000's
STAY LONG & STRONG FOLKS!