Hello investors, I would like to share my perspective on Bitcoin for the next few days and explain why I am betting on a drop.
Bitcoin recently made 2 bulltraps at the important $100,000 level and it seems to be forming a head and shoulders pattern on a daily basis.
I believe that this movement has the possibility of correcting to around $70,000 due to the existence of a very important support, the convergence with the Fibbonatti levels at this level and the break of the trend line in the RSI.
Reasons for selling:
1 - Formation of a head and shoulders pattern.
2 - Two bulltraps at the $100,000 level.
3 - Break of the trend line in the RSI.
Target at the next important support.
Bitcoin recently made 2 bulltraps at the important $100,000 level and it seems to be forming a head and shoulders pattern on a daily basis.
I believe that this movement has the possibility of correcting to around $70,000 due to the existence of a very important support, the convergence with the Fibbonatti levels at this level and the break of the trend line in the RSI.
Reasons for selling:
1 - Formation of a head and shoulders pattern.
2 - Two bulltraps at the $100,000 level.
3 - Break of the trend line in the RSI.
Target at the next important support.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.