I belive that when it will hit the blue line . It will go down, slowly
It will slowly going down until it hits the yellow ring.
If it manages to hit the cross lines between yellow and white. Definitely will drop much harder .
We will enter a last bear market until June it's over.
This is only my opinion and you are free to decide what to do with your money and...
BTC seems to have lost its steam at the top here and I am expecting it to come down to its original level again before making another run for it.
Look at my last post to see my expectation for upcoming week.
I’d like to show you why to avoid trading at this moment if you don’t want to get rekt.
As you can see, RSI, Stoch, and price were trying to go down in what it was going to be a massive sell off. Instead, these indicators went crazy and turned up. Is it real? The answer is NO. Humans don’t do it. A normal uptrend should be starting little by little,...
I've been watching the developement of Bitcoin. For me personally it's overbought and will probably get rejected at the next fib line. If it happens to break the fib line, I expect a rejection at the next. If we look at the weekly chart, this rise seems too parabolic. So I will sell/short Bitcoin around the red area and buy/long around the green.
Low price on point A, elevated volume, is confirmed by reviewing stochastic RSI where we can see stock is over sold, and this will create variation on pattern and add volatility .
Same case works for point B, with a higher variation on price, and lower volume, but volatility is created, and stock is oversold.
Point C, has a price increase, which confirms ...
Often we get stuck looking at gold' or other global commodities in US' Dollars, but this does not always provide insight as to what is actually happening. Bitcoin' has changed the way we view money. The average Joe now has a way to hedge his prevailing currency. He can purchase Bitcoin' with his native currency on Exchange A' and can sell Bitcoin for USD' on...
After a double top pattern, a massive drop will come .
When it will hit the intersection between WHITE and PURPLE ring in aprox 12-13 days it will drop hard.
First time stopped at that purple ring, now, BTC stopped at the same ring and i think is not a coincidence.
End of June and going into July prepare to drop. I am talking about a 60 % - 70 % drop. Going to...