Looking at daily chart for Bitcoin, we are starting to see this rising wedge formation. In classical technical analysis, this is a bearish pattern and we may see a bearish continuation.
Despite this bearish pattern, the number of long positions have been increasing in both Bitmex and Bitfinex in past 12 hours.
As time of publishing,
This post is where I try to read the market based upon my limited knowledge.
I´m as always hoping for some feedback, or discussion etc. so that I can gain some more knowledge.
My idea is written in the chart.
Best regards -
Recent studies say Bitcoin is over 80% Fake Wash Trading.
Weekly price shows a cliche bear continuation triangle forming, Bearish break implied.
Danger Approaching Danger....
Bit wait, 80% manipulated market means 80% chance of wash trading at upcoming Resistance. I expect Whales to Wash Trade, Pumping price higher...
I have to go to the sleep
But give you all alert
BTC is going down tomorrow I think
Target on the chart around 3.500$
See you next trade
And I'm sorry about my last Altcoin prediction I think it will go more down becouse of BTC dump
Cut your altcoin now and save your BTC
I'm really sorry
Hi guys, still on same target, I believe we have all possible chance to test out 5k level soon before we go for final correction bottom.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Do know that I appreciate you taking the time...
This pictures gives insight about overall Bitcoin movement which is as you all can see BEARISH ONLY since December 17th 2017 and it will remain so for a while.
Bitcoin had almost two years for bullrun, now time of WIDE CORRECTION has come.
Don't listen to those who tell you different because, at the end, it's better to lose profit rather then money.