This is not click bait, and I have tried to keep this analysis as clean and simple as possible. To show you what is happening I have removed the wicks/shadows on the candlesticks so even a child can understand this setup.
We all need to get $20000 for BTC out of our head because while we might get there, we are not going to get there this month or next. Look closely at the chart and you can see we have hit the top of the candlestick bodies for both the end of the uptrend in 2017 and the start of the downtrend in 2018. If this is not the most prominent warning sign in the BTC chart right now then what else is. In 2017 at the peak of the bull run we went for five months straights not closing below the month before opening price. In 2019 we had done exactly the same thing but this time the market reacted to every possible event like we are destined for $20000.
Even as I type the hard sell just happened, but I am not going to put the wicks/ shadows back on this chart.
Conclusion: Sorry but I need to rush this out asap to warn people. Please wait for the price to come back to $10000. Remember at the high of the monthly candle we hit $13800 which is so close to the $14000 resistance point. the true 50% mark is $7000, not $10000. I can only apologise for this being so brief but just stay patient
ou can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
We all need to get $20000 for BTC out of our head because while we might get there, we are not going to get there this month or next. Look closely at the chart and you can see we have hit the top of the candlestick bodies for both the end of the uptrend in 2017 and the start of the downtrend in 2018. If this is not the most prominent warning sign in the BTC chart right now then what else is. In 2017 at the peak of the bull run we went for five months straights not closing below the month before opening price. In 2019 we had done exactly the same thing but this time the market reacted to every possible event like we are destined for $20000.
Even as I type the hard sell just happened, but I am not going to put the wicks/ shadows back on this chart.
Conclusion: Sorry but I need to rush this out asap to warn people. Please wait for the price to come back to $10000. Remember at the high of the monthly candle we hit $13800 which is so close to the $14000 resistance point. the true 50% mark is $7000, not $10000. I can only apologise for this being so brief but just stay patient
ou can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
Note
We are in the value area people.Happy trading
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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.
👨🏾🏫 Don't forget our website and Discord
ioniccapital.co.uk
discord.gg/6YfC2wxZ
ioniccapital.co.uk
discord.gg/6YfC2wxZ
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.