Do you see what im seeing here?! Bitcoin Technical Analysis
Updated
Hello traders,
Hope you had a nice weekend! I come to visit my family at home, and now i was looking at the Bitcoin chart and here´s what i see...
We are looking at the 4HR chart, and Bitcoin is forming a Rising Wedge (Bearish Pattern). In my opinion we are only seeing 10k by the end on May only...If we breakdown the Wegde the blue boxes mark the strong supports wich we most likely see reversal at that zone. For now i wont be entering any trades until any confirmation, lets wait for a breakout..
I see a bearish future move for BTC, but as you know, sometimes we have unexpected moves, and also strong manipulation of the price. This is only TA here. I cant see the future, thats a shame :D
If you like my post feel free to like and follow me, for more trades! I can do a special TA of any coin for you if some people want to, for free!
I will update soon, when needed,
Mr.TTT
Hope you had a nice weekend! I come to visit my family at home, and now i was looking at the Bitcoin chart and here´s what i see...
We are looking at the 4HR chart, and Bitcoin is forming a Rising Wedge (Bearish Pattern). In my opinion we are only seeing 10k by the end on May only...If we breakdown the Wegde the blue boxes mark the strong supports wich we most likely see reversal at that zone. For now i wont be entering any trades until any confirmation, lets wait for a breakout..
I see a bearish future move for BTC, but as you know, sometimes we have unexpected moves, and also strong manipulation of the price. This is only TA here. I cant see the future, thats a shame :D
If you like my post feel free to like and follow me, for more trades! I can do a special TA of any coin for you if some people want to, for free!
I will update soon, when needed,
Mr.TTT
Note
BTC bear mode is back...If we have a close outside the wedge, the 8800 level will be tested..Note
8800 level incoming guysNote
I warned you about this, while everyone was calling bitcoin bullish. Now is not time to buy, lets wait and see if the 1st support holds, wich i dont think so...Note
Bitcoin hit precisely my 2nd support and looks like it is reversing now!
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