Bitcoin – bulls are weak
It means that we are in the downward impulse, not correction. As a result I am not expect the prices above $48000 in next 2 months with almost 100% probability.
Bitcoin – bounce before the dump!
I have learned the lesson that even the weakest market can become strong in one moment and vice versa.
Bitcoin – correction soon!
We can see that the global 0.5 Fib is at the $46800 and I suppose that it will be the new local high because there is a very high probability of the true divergence with MACD.
Bitcoin – the high probability of the breakdown!
Yesterday I told you that believe in bounce to the upside to $45000, but today I am not sure that the BTC will give me the nice entry point for the short trade.
Bitcoin – the local bottom very soon!
I am now in a small loss and think that the price will hit my stop loss.
Bitcoin – the best scenario!
The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let’s use the trend and countertrend lines in our analysis.
Bitcoin – local price action
We can see that it formed the symmetrical triangle. This type of patterns have 2 possible scenarios
Bitcoin – global overview
While the Bitcoin is staying at the same level let’s try to understand what is going to happen globally. We can see that the BTC is forming the 5-waves Elliott cycle during the last 3 years
Bitcoin – where to take profit-2?
Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels we have to take profit.
Bitcoin – what is the limit of this growth?
You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.
