A lovely bearish pennant has just finished forming on the hourly chart. This means that we are in for another leap into the abyss. It looks like the target is around $20700. This is not financial advice.
As you can see, a bearish flag has formed on the 4-hour chart. In addition, a hidden bearish divergence can be seen on the RSI. This is not financial advice.
Oh no, wait, it's just a big rising wedge.... okay, never mind. This is not financial advice.
My previous prediction turned out to be wrong. But hey, here you have another cup and handle. This time it looks more likely. This is not financial advice.
On my previous forecast, I noticed the forming pattern of Cup and Handle. If I am right, Bitcoin will then form an Eve & Adam double top formation, which is very bearish. This is not financial advice.
As you can see on the chart, Bitcoin is just forming a nice inverted Cup and Handle formation. The likely target of this formation is the Fibo level of 3.618 ($19352). This is not financial advice.
A diamond pattern is likely forming on the four-hour chart, heralding an imminent trend reversal. This is not financial advice.
This latest rally looks like a "dead cat bounce" to me. It's happening too fast and too soon. Yes, I know I thought we were dealing with this before. However, this time everything fits together like clockwork. Let me explain: MA 50 200 death cross intersection (which never happened on the weekly chart), RSI despite the bullish divergence (at the bottom)...
I believe that bitcoin is just finishing forming a double top pattern (yellow line). If I am right, we will see a nice H&S next. This is not financial advice.
Humpty DUMPty sat on a chart. Humpty DUMPty had a great fall. All the bitcoin bulls and all the bitcoin lovers Couldn’t put Humpty together again. This is not financial advice.... nor a poem just a sad reality.
That smell of money wafting through the air? Bears are said to have a good sense of smell... ahh... you have been warned. This is not financial advice.
The bearish pennant on the weekly chart has not yet been retested. Hence, I conclude that we are in for a sharp upward movement up to the point marked with a red dot. From that point we are in for a trip to hell. Straight to the area of the devil's price of $6660. This is not investment advice.
For the past few weeks, the bulls have been fighting an uneven battle against the inevitable. Now it's time to give up. All you have to do is raise that white flag and wave it! This is not financial advice, nor is it battle advice.
Bitcoin appears to have drawn a bullish pattern - an inverted Head and Shoulders formation. It seems to me that we are in for a short upward rally and then a full-on crash but time will tell. Anyway, my attitude is still bearish. This is not financial advice.
Oh boy, what a ride it's been! Bitcoin took us on a fast rollercoaster up and down today. We're just at the edge of the final drop. Just look at this beautiful inverted cup with a handle. If I'm not mistaken, the target is around 5k. I wish you all a successful shorts. I'm off to get some popcorn.... Oh, this is not investment advice.
The target is somewhere at the level of 16350 USD. This is not investment advice.
Scary, isn't it? I look forward to "sharp" comments, "dull" ones are welcome too. And remember, this is just my opinion and not financial advice.