This is a perfect opportunity to short this stock. Every singe Ichimoku indicator signifies that this is a perfect opportunity. It also signifies it will continue to drop for quite a while.
The indicators used are:
1) Gann Fan
2) Kumo Cloud
3) Tenkan-Sen and Kijun-Sen
4) Chikou line is now free
5) Price-Volume Trendline
6) Stoch Index
Disclaimer: I am just...
Note - price barriers and entry level prices are just rough estimates. If the graph has stabilized with a relative slope of zero than that price will be a price barrier in this scenario.
As PVT is negative bitcoin could very well continue downwards and hence invest with caution
The graph seems to be following the previous prediction. The date to look out for is the end of June when Musk announces whether Tesla is producing 5000 model 3's a year! Depending on that the graph will be bearish or bullish,
PVT seems to be neutral despite the decrease in price and hence the price movement downward is most likely weak showing that a breakout is...
Using Price Volume Trend to spot volume/price divergences is a powerful tool see an impending reversal of trend. As you can see, PVT predicted perfectly the drop from $11,700 and continues to confirm the downward price action around $8,200.
Refer back to my early bear flag breakdown prediction to see where the charts are suggesting price could reach. The sideways...