Bitcoin in Dangerous Level(BEAR ALERT)

Hey guys, I hope everyone of us is good, well it has been a great move from 32xx one now to where we are now at 5k zone. All target achieved as usual been the gospel of 5k zone since few weeks ago.

We completed BEARISH BUTTERFLY Harmonic pattern and what does this pattern mean, its a bearish pattern that has target at 38.2%, 61.8%, 78.6%, 127.2% and finally at 161.8% of the length CD.

According to those target definitions we will our sell targets at
38.2%= 4595$
61.8%= 4138$
78.6%=3788$
127.2%= 2865$
161.8%= 2212$

NOTE: Remember this is just a spotted pattern it did not mean BTC will follow it but this really worth to keep an eyes on.

This Pattern become invalid if BTC manage to close above 5500$.

Moreso, we have a Rising channel which holding pretty great which top just been tested at 5238$ and with the possible channel definately price may likely look down if failed to break it up and the next target will be 4595$ then finally 4138$.

Please always stay safe.

Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.

Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

トレード稼働中:

Hello,

this analysis made me worry, for the Bullish momentum to stay we need to break the trendline and stay above it.

Check it out guys

コメント:

This is another analysis that proved we have hit the top for now.

トレード稼働中:

Here is detailed wave count and this show clearly that a major wave is missing.

トレード稼働中:

Look like we have three drive reversal pattern

トレード稼働中:

Spotted potential SHS pattern with target at 43xx$ zone provided if price breakdown the neckline of the pattern at 3770$.

トレード稼働中:

Price still maintain within the shoulder range of the proposed SHS.

トレード稼働中:

Strong momentum is building on xrp which is logical bad sign for btc.

トレード稼働中:

Market resume with strong bullish momentum, we keep our eyes on the trading range highlighted by the pattern spotted. SHS. A break out from the range will result into possible new high within our stated target.

トレード稼働中:

we have the first test on the top of the range.

コメント:

Sorry wrong chart, here is correct one

トレード稼働中:

Price still olding the top side of the range, we must keep our eyes close on it, if that range got broken it will result into massive move.

トレード稼働中:

Some of my major worries for the drop. We hit top level of this channel check it out guys

トレード稼働中:

トレード稼働中:

According to this analysis, after achieving target for wave 3 it pointed down for correction towards the 4500$ zone. The drop will not be easy as the whole market is overshadow with bullish sentiment. But I still remain positive.

トレード稼働中:

Price still holding the range

トレード稼働中:

Price got rejected at our projected wave 5 level. That is awesome

トレード稼働中:

KEEP THE DROP COMMING BABY

トレード稼働中

トレード稼働中

コメント: