Bitcoin Peaks (What's The Similarity Here?)
Updated
What similarities can you notice when looking at the Bitcoin Peaks?
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin (BTCUSD) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?
Lower highs.
Prices closing lower each time.
This is a bearish signal and a very strong one.
Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.
Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.
Namaste.
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin (BTCUSD) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?
Lower highs.
Prices closing lower each time.
This is a bearish signal and a very strong one.
Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.
Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.
Namaste.
Note
For those looking for a new update based on recent moves, here is the 4H timeframe for Bitcoin (XBTUSD) including an update for the Altcoins market...
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lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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