Bitcoin – redistribution in progress?
Today I gonna show you very interesting scenario which I bear in mind as my main scenario. Let’s return back to 2021 summer
Bitcoin – decisive moment!
Now the BTC is approaching to the decisive point. The price can choose one of the two following scenarios.
Bitcoin – trendline breakdown!
Now the Bitcoin is dumping. Moreover BTC broke down the 0.618 Fibonacci level (golden pocket).
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