Bitcoin visualizing next outcome
This is a visualisation on bitcoins next move.
As we see, we have formed 4 consecutive higher lows on a longer time span. Im positive this pattern will repeat again. U can see on my drawing, what I visualize will happen.
When we will hit a higher low, close end to september, a bearish sentiment is in, for hitting a new lower low. Putting bitcoin at a realistic support area of 5500 to 5400. Or maybe even slightly lower, the typical nature of bitcoin is to spike a lot lower or higher than expected.
Please let me hear your thoughts
Have a nice day Mr. Project :)
As we see, we have formed 4 consecutive higher lows on a longer time span. Im positive this pattern will repeat again. U can see on my drawing, what I visualize will happen.
When we will hit a higher low, close end to september, a bearish sentiment is in, for hitting a new lower low. Putting bitcoin at a realistic support area of 5500 to 5400. Or maybe even slightly lower, the typical nature of bitcoin is to spike a lot lower or higher than expected.
Please let me hear your thoughts
Have a nice day Mr. Project :)
Note
..Note
The 4 "higher lows" are ofc "lower highs".
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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.