What similarities can you notice when looking at the Bitcoin Peaks?
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin (BTCUSD) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?
Lower highs.
Prices closing lower each time.
This is a bearish signal and a very strong one.
Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.
Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.
Namaste.
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin (BTCUSD) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?
Lower highs.
Prices closing lower each time.
This is a bearish signal and a very strong one.
Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.
Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.
Namaste.
Note
For those looking for a new update based on recent moves, here is the 4H timeframe for Bitcoin (XBTUSD) including an update for the Altcoins market...
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.