BTCEUR trade ideas
PRICE PREDICTION BTC EUR 8MPRICE PREDICTION BTC EUR 8M
btc price prediction for 8M- august.
RSI 70-30
second os in 15d. we have a bull (btc9theres a clear oversell sign in 15d on rsi indicator. a clear bull, that certainly will bring the market up
BITCOIN... WERE ARE YOU GOING ?The Market was all red this afternoon but bitcoin held up his position by staying green today - I am still believing in the head and shoulder scenario I have shown before.
Here on the chart we can see:
- a small support that keeps bitcoin up
- lower day highs for the past week.
I think that bitcoin is for now not ready to get out of this zone, but if the support stays, we will (hopefully) see bitcoin shoot up to complete his second shoulder and then undergo a huge correction.
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DID BITCOIN ALREADY FORM A HEAD AND SHOULDER PATTERN???Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line.
I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second shoulder in a bullish trend up to the 45k resistance line.
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Bye!
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