BusyWithCrypto is here!! Analyzing BITCOIN... what will happen??
Ehi Everybody,
BusyWithCrypto team is here!!
today we will talk about btc.. Like you can see from january we are here in this giant triangle (brown lines). Btc broke this one one time from the downside and then from the upside like we illustrated with the two yellow circles.
As you can see we are in a bearish momentum, we have lower highs and lower lows... we see every single time like everybody when btw goes up 20% are too positive and fall in a bull trap. WE DON'T HAVE TO!!
Like we said every time we are remaining bearish, if you see the monthly rsi you can see like we are not oversold, also in the weekly chart.... institutional investors will not enter with this btw price, they want it goes more more down. as you can see 8500 there was a great reversal.. we think in the next few days we could see some squeeze and we will go a bit up but in the mid long term we are focus on the 6000-5000 area!! remember this! do not get too excited!
In the long term everything is good but in the mid long term we will need to go down another time!
Bye everybody from BusyWithCrypto ;)
Our contact:
Instagram: busywithcrypto
Twitter: BusyWuthCrypto
Soon we will go live on our website and we will make video lessons' course and we will make a public and a Private Telegram group!
Enjoy the ride with us:)
BusyWithCrypto team is here!!
today we will talk about btc.. Like you can see from january we are here in this giant triangle (brown lines). Btc broke this one one time from the downside and then from the upside like we illustrated with the two yellow circles.
As you can see we are in a bearish momentum, we have lower highs and lower lows... we see every single time like everybody when btw goes up 20% are too positive and fall in a bull trap. WE DON'T HAVE TO!!
Like we said every time we are remaining bearish, if you see the monthly rsi you can see like we are not oversold, also in the weekly chart.... institutional investors will not enter with this btw price, they want it goes more more down. as you can see 8500 there was a great reversal.. we think in the next few days we could see some squeeze and we will go a bit up but in the mid long term we are focus on the 6000-5000 area!! remember this! do not get too excited!
In the long term everything is good but in the mid long term we will need to go down another time!
Bye everybody from BusyWithCrypto ;)
Our contact:
Instagram: busywithcrypto
Twitter: BusyWuthCrypto
Soon we will go live on our website and we will make video lessons' course and we will make a public and a Private Telegram group!
Enjoy the ride with us:)
Komen:
And we made it! we went down to 7K region, now let's just say we can see 6800 but i think we will stay here for the next hours, see you later for updates!!
Or if we fall without retesting nothing 6800-7000 is the next region, but then we will go down