TradingView
UnknownUnicorn2339202
24 maj 2019 02:36

If You're Not Short, Don't Be Long Either... Kort

Bitcoin / DollarBitfinex

Beskrivning

After we had the spectacular upward moves to ~8,300.00, BTCUSD seems to be out fuel. Every time the price attempted to rise above this level, it failed. As a result, it's formed a Triple Tops pattern. A declining volume after the formation of the first top is another characteristic that suggests Triple Tops for the formation. For this chart, the breakout occurs if the price closes below the confirmation line, about 7,000.00, on the 4H chart - This is still pending. In addition to the pattern, ~7,500.00 and ~6,600.00 are two critical support level that could prevent a decline for the price. Momentum indicators suggest that the bearish momentum is slightly decreasing in the shorter time frames. On the daily chart, nevertheless, MACD just flashed a sell signal. Another thing to mention is the strength of bulls in the market; the 4H MACD histogram shows that bulls' strength remained the same since the price was about 7,000...

For updates, stay tuned...

Order avbruten

Kommentarer
BitcoinBearSlayer
20 million of us are going to buy 1 bitcoin each and sit on it. Then what will you have to trade?
Cryptonite_trader
@Kwa, I like that idea but it will never happen
BitcoinBearSlayer
@Cryptonite_trader, You are probably right. Many own far more than just 1 each.
Cryptonite_trader
Nice analysis. This is what I'm currently seeing

UnknownUnicorn2339202
@Cryptonite_trader, Beautiful! What is your view for the next 6-month? Bullish or bearish?
Cryptonite_trader
@mlashkarizadeh, would love to see price in the 4500-5000 range just to reset those indicators but I'm bullish over all.
Mer