BTCUSDT: Summer is comming
Hello Traders!
Welcome back to another trade with analyst Aadil1000x but this is not a normal trade.
First of all, I will suggest you close the spot positions that are posted recently by me as we are at the peak of a big crash.
This is a deep analysis of BTCusdt many more points are not on the chart but here is a basic few points about my view about the crash.
The Main reason why BTC will break the bottom is that there is a major trendline break and if we look closer it was a smooth break. A smooth break is never a good break. BTC was supposed to form some candles above the trendline so that it can never look back But it failed to do it. So this is the major reason behind the big crash.
Many of you won't understand what I am saying as this is a deep analysis of BTC and to crack a perfect chart we need deep analysis.
The second point is that there is a trendline coming called a bullish breaker. It is formed to give sleeping pills to the Bulls. Once the market crosses that line bulls start to sleep and sooner or later bears have to take control and take the market back to that trendline.
The third line is the final line it is there to cut the neck of bulls and it will dump them inside the ground.
The 'Head' is the rising wedge pattern and its head is above the key level. It will fall down soon. The funny part is you will also see the tongue coming outside the mouth after the bulls fall asleep. LOL
Don't forget to hit the like button and follow to stay connected.
Welcome back to another trade with analyst Aadil1000x but this is not a normal trade.
First of all, I will suggest you close the spot positions that are posted recently by me as we are at the peak of a big crash.
This is a deep analysis of BTCusdt many more points are not on the chart but here is a basic few points about my view about the crash.
The Main reason why BTC will break the bottom is that there is a major trendline break and if we look closer it was a smooth break. A smooth break is never a good break. BTC was supposed to form some candles above the trendline so that it can never look back But it failed to do it. So this is the major reason behind the big crash.
Many of you won't understand what I am saying as this is a deep analysis of BTC and to crack a perfect chart we need deep analysis.
The second point is that there is a trendline coming called a bullish breaker. It is formed to give sleeping pills to the Bulls. Once the market crosses that line bulls start to sleep and sooner or later bears have to take control and take the market back to that trendline.
The third line is the final line it is there to cut the neck of bulls and it will dump them inside the ground.
The 'Head' is the rising wedge pattern and its head is above the key level. It will fall down soon. The funny part is you will also see the tongue coming outside the mouth after the bulls fall asleep. LOL
Don't forget to hit the like button and follow to stay connected.
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.