In my previous post I expected the price to slump, but apparently market wasnt ready. But now BTC is completing a triangle, oscillators are showing a clear bearish divergence, expect the price to drop to $6500. Time to make money man!
We have an incredible opportunity to short the stocks of Apple. Just look at how distinct are the divergences between the price and oscillators, i believe 2020 will be a tough year for Apple. We can expect a decline all the way down to $150. Someone is going to make a big money.
After a wild bull run BTC is now forming a rising wedge in 15 Min TF which indicates a fall soon. This is supported by falling RSI and OBV as well as bearish divergence displayed by oscillators. We can expect some retracement to Fib Levels of 0.62.
Over the last few days Bitcoin has been traded with extremely low volume. We can see that Bitcoin violated support level of $7520 and has since been traded below that level, also oscillators are showing anomalies against price i.e. bearish divergences. We can expect a burst in price and trading activity when Bollinger Bands come close to contracting or do...
We can see Bollinger Bands contracting which indicates a swift trend reversal is nearing. Below, oscillators are clearly showing bullish divergence against generally bearish price action which is shown by MA of Bollinger Bands. Therefore we can expect a rise in price and testing of daily high levels of $178.
Bitcoin is forming a falling wedge which historically was followed by a sharp spike at the end.
This is supported by Oscillators that are showing a bullish divergence against falling price, if this analysis is true then we should expect a run towards weekly highs of $8800.
As to the timing for opening a long position, it is a good idea to wait until...
After several hours of bull run, market has become overbought. As we can see, the oscillators show sharp bearish divergence against bullish price, which means that downward correction will be just as sharp and quick as was upward movement before.
Many signs which we cannot ignore tell us that the current price is not supported by market participants, i.e.:
-Decreasing trading volume against rising price;
-Strong bearish divergence of oscillators against rising price;