Will Bitcoin Reach 10,000$ before halving ?
Updated
Hello Viewers do like and comment on my idea if you agree with it
have any questions about the idea ? comment in the comments section below :)
1. Is Bitcoin still bullish ?
Ans : Yes according to the pattern observed in the 4 hourly chart
Double top patter can be found on the 4 hourly chart (Bullish Divergence)
A key trend Line is present at 7555$ level
2. What indicates the pattern is failed ?
Ans : if a candle is completely formed below the 7555 trend line it would indicate a strong bearish trend
3. In what other cases will the current bullish trend turn into bearish trend ?
Ans: if bulls fail to bring up the price above 9126$ level (which is a kind of weak resistance found in past 2 months) bullish trend will turn into bearish trend
which might cause a drop to 8100-7800$ Level's
4. Whats the situation in lower time frames ?
Ans: Bearish MACD and RSI is found in lower frames
whats my personal opinion ?
the current bearish trend shown in the lower frames is largely because to the negative trend going on in the world markets
So be patient for the results to show up.
Always wait for the confirmation before starting a trade
dont let your emotions decide the trade.
May you succeed in all your trades :)
have any questions about the idea ? comment in the comments section below :)
1. Is Bitcoin still bullish ?
Ans : Yes according to the pattern observed in the 4 hourly chart
Double top patter can be found on the 4 hourly chart (Bullish Divergence)
A key trend Line is present at 7555$ level
2. What indicates the pattern is failed ?
Ans : if a candle is completely formed below the 7555 trend line it would indicate a strong bearish trend
3. In what other cases will the current bullish trend turn into bearish trend ?
Ans: if bulls fail to bring up the price above 9126$ level (which is a kind of weak resistance found in past 2 months) bullish trend will turn into bearish trend
which might cause a drop to 8100-7800$ Level's
4. Whats the situation in lower time frames ?
Ans: Bearish MACD and RSI is found in lower frames
whats my personal opinion ?
the current bearish trend shown in the lower frames is largely because to the negative trend going on in the world markets
So be patient for the results to show up.
Always wait for the confirmation before starting a trade
dont let your emotions decide the trade.
May you succeed in all your trades :)
Note
View the above idea and read the description completely.*URGENT
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.