For the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present. I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened. In the current...
Bitcoin price forecast for coming day
Here in this tutorial/analysis we'll look at accumulation which happens before a next Big leg-up. You can find notes on the chart itself, I'll just explain what happens in terms of Thrust and Momentum during these accumulation phases. White line is line of bears and it measures the momentum (Price difference divided by time taken) of the move while its slant-ness...
BITFINEX:BTCUSD Time frame: 4 hourly Sentiment: Bearish *This is not an advice to buy or sell bitcoin.
We already have trended down significantly for a couple of days now. Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA. Long entry on Bitmex (XBTUSD) : 3270-3380 Target 1 : 3700-3800 Target 2 :4100-4200 Target 3 optional : 200 MA on 4 hr timeframe