MarkusBohinen

MarkusBohinen

Is Bitcoin just a giant bubble and is it ready to fail? Its hard to say where bitcoin will end upp in the future.. But if you have been in the trading space for a while you can clearly tell that the BTC chart look like a giant buble. We will look at the weekly chart in this analysis to get a bigger picture. History ussaly repeat itself and i have seen...

MarkusBohinen

as you clearly can se we are forming a head and shoulder pattern i belive we gonna break to the downside sunday or early monday and we will likely fall all the way down to the 200 region.. as much as i want to be bullish i cant ignore this. Weak volume on the last bounce aswell and cant break resistance..

MarkusBohinen

Looks like BTC is in a falling wedgde and will break out uppwards any time. As we can se from the last wave upp exactly the same pattern happend. i have my targets sett around 6900/6800 as my first target. This is my firts published Idea so any comments from more experience trades would be nice. safe trades!