BitcoinShort
BITCOIN CRASH !! be careful
No wonder a bearish outlook for Bitcoin, its Bullrun comes to an end. Macroeconomic data is not supporting it, and the SP500 is in a complicated situation. BTC yesterday broke the 30.000$ area (its structural support, changing its trend), but we can still expect a good bounce before plummeting.
However, we are in an area where many are still hesitating whether to keep their Bitcoins or sell them. That's a personal thing, the best advice ? DIVERSIFY your portfolio well and try to be as little exposed as possible to the market, because here I show you a different vision.
Sometimes we are used to see the chart in the same way 300 times and we always see the same thing because our eyesight is getting vitiated. But... I propose you something:
I'm going to turn the chart around so you can see it better. And now I will mark 3 different BOTTOM patterns simultaneously.
- Rising Wedge
- Shoulder head shoulder
- Cup and candle
and Weekly Divergence if I remember correctly.
Too many negative patterns converge at the same point, and when this happens? the highest probability is that they will be fulfilled. Bitcoin has grown a lot, so it is not surprising that we could see a crash in its price.
I hope this will help to keep you safe.
However, we are in an area where many are still hesitating whether to keep their Bitcoins or sell them. That's a personal thing, the best advice ? DIVERSIFY your portfolio well and try to be as little exposed as possible to the market, because here I show you a different vision.
Sometimes we are used to see the chart in the same way 300 times and we always see the same thing because our eyesight is getting vitiated. But... I propose you something:
I'm going to turn the chart around so you can see it better. And now I will mark 3 different BOTTOM patterns simultaneously.
- Rising Wedge
- Shoulder head shoulder
- Cup and candle
and Weekly Divergence if I remember correctly.
Too many negative patterns converge at the same point, and when this happens? the highest probability is that they will be fulfilled. Bitcoin has grown a lot, so it is not surprising that we could see a crash in its price.
I hope this will help to keep you safe.
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.