The title explain by itself, it was a big bull trap and the bears are controlling the price.
Now we have, in 1 hour chart a great Head and Shoulder pattern that is clearly bearish so, choose your side..
The death cross in 1D chart is still playing out as I told you all before in my last analysis:...
You see that we have a Death SMA Cross at 1D chart.
When that happened , a big crash to 3k succeed. I think we will not go to that level again but we will see a huge red candle in the following days and its a strong indication of a bear market again.
Thanks for all and stay safe.
Short it before its too late.
* Not Financial Advice *
BTC Dominance crossed a bearish daily resistance in my last analysis. Now its time for some retracement in BTC Dominance. In BTC pairs the majority of the altcoins bottomed, here we have one example, Chainlink that is similar to Tezos, Ethereum etc.
Even though BTC crashed, most altcoins remained bullish in BTC Pairs, that is a good sign and still a...
Bitcoin Dominance is crossing an old resistance in the daily chart, I think the altcoins will be crushed to dust in this bullrun as we saw in the last run to 9k, bitcoin gaining 17% in one day and most alts under-performing.
I expect a new Bear market for the BTC trading pairs until the dominance go below 60% and therefore a potential alt-season...
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I told you in my recently BTC-USDT T.A that we are going down because of a Head and Shoulder confirmation similar to the one that happened before the Covid mega dump.
ETH is a good altcoin that have plenty volume and the chart looks really good, using the Simple Moving Average (10) and (20) in the 4...
Hi guys, you see that the Head and Shoulder pattern appeared before the mega dump and yesterday was confirmed a new one , there is a big chance of a mega dump to happen again in the next days.
The target could be as low as u$2400 per BTC , but maybe a reversal will happen at 3k again.
What I recommend is to watch out if BTC breaks the u$7000 level and...