BITCOIN & CRYPTO MARKET IN TERRIBLE PICTURE - LEGENDARY REPORT

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WELCOME ALL GUYS, XUANHAIMMOER COME BACK !!!

Hi, I am very happy to see you here and we can discuss about the Crypto market. We have just overcome a long time for sideway very tired without any clearly signal for confirm that which way Bitcoin and crypto market go ? We have been manipulated and our money is the “FOOD” for MR.Market ; we are really in the GAME in several week and month.

I see many Forex Expert and Technical Analysis Expert they predict and analysis about Bitcoin but almost is false ( included me ), that is why I say Bitcoin are manipulated. It is non - technical in last time.

So how can we look at or which way that we will see about Crypto market right now ?

At the last day, we have big red candle coming with big volume of bear. Let me explain detail for all you ! Remember all detail explain in below is my opinion viewpoint at right now with many clearly signal and explain about indicator and price action so refer it like education post and depend on it for make your decision.

Okay, First we will reveal about the candle - price action of market will show us very clearly about psychology !

In early September 2018, we have 1 big candle with - 9.46% in price of Bitcoin and a mere -50% if compare with the level price for uptrend from 59xx - 74xx, this is really a very very evidence and strongly signal for us that market is bad. What about after that ? After fall down with big candle the price keep dump to 61xx and buyer occur in here help the market bounce back.

In 15th October, we have USDT FUD, why Bitcoin come up ? Does uptrend happen in here? No no no; look back, BTC/USD just come up a little but BTC/USDT pump strong because USDT/USD is fall dramatically. It is the GAME of BIG BOY to manipulated market. So why they do it? Simply, this is the only way for trick us buy Bitcoin and Alt coin in high price when we sell USDT to BTC and Alt coin. And another purpose that they need to borrow this time for push market up ? But what happen after that ? The uptrend can not keep continuing, it fall slowly and sideway until last day with strong dump. Do you think bear is strong ? Any reason you think the bull will be a winner in this time ?

Depend on 2 last signal about candle we all see the fear psychology in this market and bear is stronger than bull.

In addition, look at the candle in 7th and 8th November, what we see in here? Yes, it is Bearish Engulfing , it also very clearly signal for this strong dump yesterday.

In over 3 months, Bitcoin build success Bearish Pennant Pattern and we have been break down the pattern by very “ beautiful” red candle with big volume yesterday, it will be a evidence criteria for us to claim that the market is very bad right now.

the price can not break up WMA 105 ( this is major signal for us to dream about the uptrend for middle term ), Bitcoin choose go down.

We have 2 major line is the close price line in last day ( 5922$ ) and the close price of 1D chart - lowest price in 2018 ( 5853$ ), we will hope the close price in today upper 2 level, if not so the market is very bad guys.

Ichimoku has been build a big red cloud so hard for us has boom up coming time in next period. We are in bear market totally.

TD - Sequential show we are in second candle of bear so we will have at least 3 more candles in bear trend.

VPVR show the volume in 62xx - 64xx is very big so now this is the big resistance for us to pass in next time if we willing uptrend coming.

Reveal about RSI, now it in lowest in 2018 so I think the market is very terrible and over sold in yesterday, we may need bounce back to test to break out in yesterday and keep falling after that.

DMI 4C show bear is weaker than yesterday but it will be stronger in next day with DMI line is going up ad it wanna cross up 20 with strong bearish.

Elder Impulse System also show bearish impulse and bear market is happen.

The last aspect we consider is which price Bitcoin can go? I using Pivot Point instead of Fibonacci. As usually, if RSI is oversold so we need bounce back and also test break out in yesterday but any thing can happen in this market so we prepare for next 52xx in short time in 1D chart. S1 line is 5822, if today the price can not close upper this so it will forward to S2 ( 5278$ ) soon !

When the market break 5700 success in USDT so we will see the bad trend for 2019 as my last LEGENDARY chart in here:

BITCOIN - LEGENDARY ANALYSIS - LONG TERM


Guys, I take many time to analysis this post for all you so hope you help me LIKE and SHARE this post for support me! I am appreciate about that !


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The chart 3D of Bitcoin also very bad when the price has broken down the lowest close price in 2018

RSI in 3D chart also break down the uptrend

DMI 4c in 3D chart may wanna be stronger bearish in next time
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In 1W chart, we can see clearly signal with bad candle, we will wait the close price for this weak but the target for long term is S1 line ( 30xx $ )

DMI 1W chart has bad signal
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Look at the 4H chart guys,BTC has fall down 12.89% in several 4H candle

RSI is very low - oversold in max so we need to up correction also test break out.

The target for pull back is S3 and red zone of Ichimoku ( 6080$ )

DMI 4c in 4H chart also show bear is strong
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Chart 6H also show we are in 5th candle of bearish so in next 6 hours maybe have bounce up

DMI 4c show bear is weaker in 6H chart

SAR support downtrend
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Chart 1H show very clearly that we need go up in short term

RSI divergence and DMI 4c show bear is weaker
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Update the chart for 4H chart:

Guys we have very bad signal in here now, look and see, in last 2 candles we have Bearish Engulfing and now may we have another couple like that

The open price in last 4H candle is 5747 so we just hope the close price at this 4H candle higher 5747 so we may have a bounce back to 6x00.

If it does not happen so we may see the price fall straight to 52xx.

RSI also not have divergence in 4H chart, it mean that we have not any pull back signal right now

DMI 4C show bear is stronger

Total: Market is bad right now !
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Guys, thank you for vote and LIKE my post, I really appreciate about it.

Hope I can bring much much more value for all you guys, I will update many chart in multiple time frame in this post about 1H ; 4H and 1D to keep up with the changes of Crypto market.

LIKE more and more to put it in TOP and many people can re-act with this !
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Any request about analysis you can comment on below this post I will make for your!
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Guys, the close price in yesterday is under the lowest close price in 2018 so this is very bad signal for us !
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Bitcoin 15m chart has occur Rising Wedge Pattern so we just go up little and dump again !
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Chart 15m I update 7 hours ago is go up and done target for short entry !

Congrate guys !
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BTC in 15m chart touched upper resistance and P so we need down correction from here !
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In chart H1 we have big resistance at 5763 so short entry when the price come here !
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We reveal about H4 chart, we have bearish candle, if current candle close below the open price of previous candle at 5641$ so the bear will return with us !
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Update for XRP/BTC in short term

Ripple ( XRP/BTC) - Double top
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BTC 30m chart update in above
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We just have bad signal from the last 4H candle !
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We are exactly again in short term analysis in 30m chart, this is update for 30m chart, we have signal for short term downtrend and target is 1 of 2 in above and bounce back follow pattern to target 5750.
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BTC in H1 chart are going exactly, target in above guys !
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The 1D candle is very bad guys !
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2 big dump without any bounce back is the clearly signal of market for bear action

this contemporary H4 candle need close upper 4675$ for another bull bounce back
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In 1H chart, we have several bull bounce back but nearly with resistance !

Careful guys !
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BITCOIN - HEAD AND SHOULDERS PATTERN
BITCOIN - HEAD AND SHOULDERS PATTERN
Chart PatternsTechnical IndicatorsTrend Analysis

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