BitcoinShort
$BTC update 3: NVT is negative
The price of Bitcoin has been under the mid-line of the bollinger band (20WMA) far too long now.
The previous updated stated a drop within 3-4 weeks. We are here now
here is what I wrote " We still should expect sudden drop from here within the next 3-4 weeks, unless we make another miraculous recovery like we did in mid May, however as convinced as I was then, Looking back now you can see it was a double top (April and November)."
The price of Bitcoin will bottom around $25500 - $26500 according to the current bollinger band. Previously the Supertrend held, however along with the NVT being negative this is no longer the case.
The previous updated stated a drop within 3-4 weeks. We are here now
here is what I wrote " We still should expect sudden drop from here within the next 3-4 weeks, unless we make another miraculous recovery like we did in mid May, however as convinced as I was then, Looking back now you can see it was a double top (April and November)."
The price of Bitcoin will bottom around $25500 - $26500 according to the current bollinger band. Previously the Supertrend held, however along with the NVT being negative this is no longer the case.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.