Most important is the Volume in the same time span.
The Volume is what grinds me since the last All Time High.
Still this is not meant as guarantee to continue like this.
Worst case scenario would be a long term bearish trend back to 6000 USD. Not very likely but possible.
If long term bearish then the steps would be something like 37000 > 20000 > 12000 >...
TA made on 10.02.2018 and never broke the downtrend trendline above
the thick blue lines...
I recommend a short (sell, downwards) trade scale in from 4400 up to 6400 :pepehat:
okay to be fair. Bitcoin is on the organic mean prize right now
at the "bottom" of organic grow
doesn't mean it can't bleed more
my analyzed target is still around 1900
go with the...
*The original published idea (on the german tradingview site area) got hidden because of use of english language. So I re publish it again. I hope this time it is on the english site...
Strategy public live example.
I didn't clean my pervious technical chart drawing. Not sorry.
Take a look at the 'Strong hit yet still alive.' idea from february 8th if interested...
This chart simply shows 5 bearish signals on a daily timeframe chart what goes with the current overall downtrend.
- Adam and Eve Reversal
- Reversed Cup and Handle
- Moving Average Deathcross
- MACD trend confirmation
- RSI below 50 (bearish) yet around 40 (room for more sellers)
No idea what will happen.
** I'm usd/tether and set my orders already for neo/bnb/eth.
If Bitcoin goes bull, it doesn't matter if I miss the start of the rally. I can always make money in a bull market.
If continue to be bearish or go to a ranging market, I'll buy the dips and sell retracements. **