RETEST of 6.5K, BREAK TROUGH following by a RALLY to 6.2K
Hello everyone,
Okay, lets get straight to it. The EMA50 is going down (flashy blue line downstairs, it's going deeper and deeper), soon he's going through the EMA200 (dark navy blue), the EMA 20 (babyblue) is already crossed, there was a downtrend at that moment! I forgot to add the the EMA's, they're in a comment.
Generally it is better to take a view of the 4 hours charts to see the bigger picture and not the short trade.I'm shorting low, and it's still bitcoin you never never really know what will happen. Because we're at a critical point in history of Bitcoin I make my decisions on shorter therm charts in combination with the 4h chart.
We're going to touch 6.5K and probably we will break trough the very heavy resistence. W're creating an inverse cup & handle pattern, next is retest of the 6.5 zone!
Based on the slowly rising RSI, the MACD who are giving bullish signals, against the resistance line I predict it not to break trough with that low volume. I
In case we break through we can be lower then ever been, I should say perhaps 2.5 is perfectly possible right now. But when we zoom out to take a bigger view, at the early years of Bitcoin, we see there's a HUGE resistance at the 3K.
We aren't there yet, first lets finsih that massive H&S pattern so the fib level of 99,99999% can be tested, when it doesn't hold, let the dooooown rally begin. Who knows where it will end?
ONLY if that happens and it will, the professionals will take over! By saying that I will predict the future on a long based term (just personal my opinion). The market will stabilize around around or under the 4k zone en go lower in future, volitality will disappear. We will need a long time to go back up (maybe some years), Bitcoin will have found his price. I said from the beginning we go back to at least 6K as 'a correction of the price' (not normal correction, jus created) because it way too much 'overvalued' (CME pops up in my head whenI hear that). From now on, the profits can be made in ICO's, so take your time, look trough all of them, do your research till the bottom and pick a few (max 5). Invest your money.
This is just my personal opinion on long term and no trading advice! I'm pleased to hear what you guys think about the idea since it's only for educational purposes.
Good Luck trading & B.aware !
B.
Okay, lets get straight to it. The EMA50 is going down (flashy blue line downstairs, it's going deeper and deeper), soon he's going through the EMA200 (dark navy blue), the EMA 20 (babyblue) is already crossed, there was a downtrend at that moment! I forgot to add the the EMA's, they're in a comment.
Generally it is better to take a view of the 4 hours charts to see the bigger picture and not the short trade.I'm shorting low, and it's still bitcoin you never never really know what will happen. Because we're at a critical point in history of Bitcoin I make my decisions on shorter therm charts in combination with the 4h chart.
We're going to touch 6.5K and probably we will break trough the very heavy resistence. W're creating an inverse cup & handle pattern, next is retest of the 6.5 zone!
Based on the slowly rising RSI, the MACD who are giving bullish signals, against the resistance line I predict it not to break trough with that low volume. I
In case we break through we can be lower then ever been, I should say perhaps 2.5 is perfectly possible right now. But when we zoom out to take a bigger view, at the early years of Bitcoin, we see there's a HUGE resistance at the 3K.
We aren't there yet, first lets finsih that massive H&S pattern so the fib level of 99,99999% can be tested, when it doesn't hold, let the dooooown rally begin. Who knows where it will end?
ONLY if that happens and it will, the professionals will take over! By saying that I will predict the future on a long based term (just personal my opinion). The market will stabilize around around or under the 4k zone en go lower in future, volitality will disappear. We will need a long time to go back up (maybe some years), Bitcoin will have found his price. I said from the beginning we go back to at least 6K as 'a correction of the price' (not normal correction, jus created) because it way too much 'overvalued' (CME pops up in my head whenI hear that). From now on, the profits can be made in ICO's, so take your time, look trough all of them, do your research till the bottom and pick a few (max 5). Invest your money.
This is just my personal opinion on long term and no trading advice! I'm pleased to hear what you guys think about the idea since it's only for educational purposes.
Good Luck trading & B.aware !
B.
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