As you see above: (i) "In the daily timeframe BTC brake the Bullish Trendline & move slightly to the downwards" <<< here is the first sign
&
(ii) Another confirmation will be coming if it brakes 200 days EMA line
So, if...
BTCUSD is almost has the ascending channel, along with tweezer top at the top which is double rejection & has the chance to take the short opportunity.
The ascending channel has already broken and created lower low.
Now it has created 0.786 retracement of AB leg. Expected extensions of AB leg is the target which is cleared in 1 / 1.27 /1/618 and 2 Fibonacci levels.
Please manage your trade with a Stop at C level.
** for Educational purpose only
Hey collegues! Good opportunity for SHORT! In my opinion BTC price growing is fake.
Situation with world economies very tough. I think we will have a very deep price going down.
False break up of 13000 we have now. In first stage price will go lower than 12000, will get back with false break up of 12000 and will go down. First target is 9800-9600, second target...
The train to the moon scored passengers who thought it was a rocket.
They need to be dropped off at 7800, possibly lower. Somewhere in the area of margin requirements if you count from 9600-10000 it will be minus 33%.
Be careful colleagues, the markets are becoming bearish. The beginning of the week will be made by positive news about the economic growth in...
The current range keeps sending signals of a distribution phase. Bounces will be for shorting. This 4H close will print a bullish divergence.
Invalidation point should be daily candle closing above 10300$.
On hourly chart Bitcoin has completed H&S pattern, also right shoulder had pushed down by resistance at 50EMA,and volume surge on breakout indicate short on Bitcoin..
Target1 9800
Target2 9300
Target3 8800
SL at breakout 10,400.
Enter in trade if your analysis matches mine. Please Like for Alerts.
