Ladies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to...
Hello my friends According to the structure of the third wave, which consists of abc, it was expected to reach the top of the channel once again - but finally, a fractal correction has emerged, which I have marked, and there is a possibility of a sharp fall.
Hey traders, in today's trading session we are monitoring BTCUSD for a selling opportunity around 43k zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, today we are monitoring BTCUSD for a selling opportunity around 44k zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Cash in BTC profits buys from around 37k. Might start looking to get back in (long) around 50k 🤔
OMG this is very bad for bitcoin :( The very sharp drop in bitcoin shows us a combination of market modeling that in the future can complete shark pattern. On the other hand, the price has reached its normal 5th Elliott wave area.On the other hand, we have negative regular divergence(RD-), which all of thease could be the next evidence of a long-term decline for bitcoin .
Bitcoin forming falling WEDGE. Not in uptrend. Beware of it.
I may be shooting myself in the foot here for posting this before the daily close, but as of right now things seems bearish. 1. We broke down from our parabolic advance. 2. The sell volume as of 3 days ago was the biggest we've seen since march. To me, this is a clear sign that BIG money moved out. And it may signal further downside as retail traders fail to...
Looking at the MACD on the weekly looks like we are going up soon, but I do not expect to break out of the falling wedge. On the monthly chart (posted below in the comments), the MACD is fully bearish and it looks like it will take a lot of time to get back. Bitcoin needs institutional money to go up. Summer time is coming when many people are in holidays and...