BitcoinLong
BTC USD bullish or bearish. 5700 -> 7300 -> 4.5-5k -> moon
I believe we are in the wave 5, with the first one started at the bottom of the double top. Ideally wave 5 should hit the upper trend line of descending triangle. But that does not always happen.
I personally am bearish at this point. I think we corrected too low to go back up now. The price is lower the base line and the conversion line of Ichimoku, yet Stochastic is not even below 20.
We will hit the blue line (around 5700)(will be taken as a double bottom) and from there go to around 7300, from where will enter the last portion of wave 5 around 4500 - 5k (middle of August) and from there we will take off....TO THE MOON ;)
Couple of days ago I was bullish, thinking, we will hit region of 7700 (red note up there). At this point I doubt it.
But again. Not certain. There are times, when I can swear on numbers. Not this time. So let's see.
*Not financial advice.
Ah, one more thing. There are bunch of head and shoulder patterns in LTC (I work with it more than BTC), which indicates that we are moving lower. Since BTC and LTC move simultaneously (LTC goes after BTC), it makes me be bearish at the moment for both. Could be just my magic thinking lol
I personally am bearish at this point. I think we corrected too low to go back up now. The price is lower the base line and the conversion line of Ichimoku, yet Stochastic is not even below 20.
We will hit the blue line (around 5700)(will be taken as a double bottom) and from there go to around 7300, from where will enter the last portion of wave 5 around 4500 - 5k (middle of August) and from there we will take off....TO THE MOON ;)
Couple of days ago I was bullish, thinking, we will hit region of 7700 (red note up there). At this point I doubt it.
But again. Not certain. There are times, when I can swear on numbers. Not this time. So let's see.
*Not financial advice.
Ah, one more thing. There are bunch of head and shoulder patterns in LTC (I work with it more than BTC), which indicates that we are moving lower. Since BTC and LTC move simultaneously (LTC goes after BTC), it makes me be bearish at the moment for both. Could be just my magic thinking lol
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.