Huge Trend channel that failed to break with a rejection at 13800$ area. Incredible price action, incredible way of draining every little hope & pain from HODL'ers. Even MORE! This chart will age well <3 Is one of those on long-term prediction's that I make and strike with surgical prediction.
There is nothing good right now on a chart. Possibilities that we can go either way is equally, but right now, I am searching short entry points for a further BTC price down movement. All trading strategy brokes if we goes up and fix our price out of downtrend channel. If you follow my last idea, you are in a massive profit. Follow me up, see my twitter...
Bitcoin Will Repeat its History. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan.
While everyone else has been posting about moons and rockets. I have been keeping it real. For that, you're welcome. Once we close below this trend line, which seems almost inevitable at this point. We will head lower. I believe I warned everyone about this move multiple times. -Sherem
#BTC News about Bakkt was local in nature, giving just the right momentum to the price. Now we are moving in a downward channel where a very strong support line has formed around $ 9400-9000, which we have not been able to break through. At 4 hours a bearish flag was formed, which signals a price spike in the near future. Having broken through $ 10.840 + fixing...
Pretty self Explanatory! In addition to our bearish ascending broadening wedge in green, we also have our H&S pattern as well as a descending triangle in light blue. We also have a small pink bear flag. There is a real possibility of a bounce off of the blue triangle support; and then subsequent retest of green wedge support turned resistance/light blue triangle...
First of all, if you haven't seen Part 1, where I explain more fundamentally why I think we are headed down for the coming months - check it out below. In the second part I will compare the two bull markets in 2017 and now in 2019 and look for similarities. When we take the bull run from 1k to 20k and compare it with the one we had in 2019 from 3.5k to 14k, we...
Went ahead and did the analysis, again BTC has never been in a bull market and had two death crosses this close to one another.
what to do? Litecoin looks really bad working off the head shoulder in front
BTCUSD had a bear break from this equilibrium pattern we could not hold a higher low of this support and broke bearish. We could see possible further downside.
As we can see $BTC reaching the sell zone we've set days ago, I will open a short position when it hits 110500. TP: 9450 SL:11350
If you look at the chart from Dec 2017 we are following a very similar pattern for quite some time and to be honest 50 and 200 EMA might still keep us with the same pattern sp if we will bounce back to bearish it's not a bad idea to open short position.
The current fight over the death cross is very reminiscent of 2018, following the blow off top. The most important thing I have noticed is how aggressive the bears have become to sell off into any rally attempting to prevent the death cross.
Hey guys, Looking to take this short setup! I am grateful for comments, likes and shares. I can also be found on twitter @PonziThy All the best, ShortThyPonzi Disclaimer: My ideas for entertainment purposes only and should not be taken as financial advice!