Its the prophecy. Its the future map. Its the traders destiny.
The whales might not be the winners, but you are not allowed to be a lose.(Only if u want to.... lol)
Its the chance to take the right side with your own consideration.
Let's get to the chart for a possible scenario.
After btc got rejected at 8400 then took a pullback. It started to drop endlessly.....
Thats what I want to see for the confirmation of reversal pattern.
When it dropped to 76xx-74xx, it could be a bullish sign and pump further again(To challenge the same huge resistance again)
BUT WHAT IF!!!
But what if the bears take a further breakout. We are likely to meet 6k again....
And it will bring us back to the downtrend channel again.
At least one thing is confirmed:
The bull flag failed.
Rsi divergence shows a bearish sign and the death cross in MACD.
The whales might not be the winners, but you are not allowed to be a lose.(Only if u want to.... lol)
Its the chance to take the right side with your own consideration.
Let's get to the chart for a possible scenario.
After btc got rejected at 8400 then took a pullback. It started to drop endlessly.....
Thats what I want to see for the confirmation of reversal pattern.
When it dropped to 76xx-74xx, it could be a bullish sign and pump further again(To challenge the same huge resistance again)
BUT WHAT IF!!!
But what if the bears take a further breakout. We are likely to meet 6k again....
And it will bring us back to the downtrend channel again.
At least one thing is confirmed:
The bull flag failed.
Rsi divergence shows a bearish sign and the death cross in MACD.
Note
F**k that lolAlways some wrong words in my article.
idk its my own problem or some mistakes in the system.
Note
A short term prediction is here:
1 hr RSI shows a short term bearish sign. It could be a little pump.
4 hr RSI allows the bulls to move in this little range
( The resistance of the divergence line is getting closer)
But the previous support line was broke out and became a huge resistance line.
So btc will probably pull back at 84xx again.
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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.