Bitcoin in Dangerous Level(BEAR ALERT)
Updated
Hey guys, I hope everyone of us is good, well it has been a great move from 32xx one now to where we are now at 5k zone. All target achieved as usual been the gospel of 5k zone since few weeks ago.
We completed BEARISH BUTTERFLY Harmonic pattern and what does this pattern mean, its a bearish pattern that has target at 38.2%, 61.8%, 78.6%, 127.2% and finally at 161.8% of the length CD.
According to those target definitions we will our sell targets at
38.2%= 4595$
61.8%= 4138$
78.6%=3788$
127.2%= 2865$
161.8%= 2212$
NOTE: Remember this is just a spotted pattern it did not mean BTC will follow it but this really worth to keep an eyes on.
This Pattern become invalid if BTC manage to close above 5500$.
Moreso, we have a Rising channel which holding pretty great which top just been tested at 5238$ and with the possible channel definately price may likely look down if failed to break it up and the next target will be 4595$ then finally 4138$.
Please always stay safe.
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
We completed BEARISH BUTTERFLY Harmonic pattern and what does this pattern mean, its a bearish pattern that has target at 38.2%, 61.8%, 78.6%, 127.2% and finally at 161.8% of the length CD.
According to those target definitions we will our sell targets at
38.2%= 4595$
61.8%= 4138$
78.6%=3788$
127.2%= 2865$
161.8%= 2212$
NOTE: Remember this is just a spotted pattern it did not mean BTC will follow it but this really worth to keep an eyes on.
This Pattern become invalid if BTC manage to close above 5500$.
Moreso, we have a Rising channel which holding pretty great which top just been tested at 5238$ and with the possible channel definately price may likely look down if failed to break it up and the next target will be 4595$ then finally 4138$.
Please always stay safe.
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
Hello,this analysis made me worry, for the Bullish momentum to stay we need to break the trendline and stay above it.
Check it out guys
Comment
This is another analysis that proved we have hit the top for now. 
Trade active
Here is detailed wave count and this show clearly that a major wave is missing.Trade active
Look like we have three drive reversal pattern Trade active
Spotted potential SHS pattern with target at 43xx$ zone provided if price breakdown the neckline of the pattern at 3770$.Trade active
Price still maintain within the shoulder range of the proposed SHS. Trade active
Strong momentum is building on xrp which is logical bad sign for btc.
Trade active
Market resume with strong bullish momentum, we keep our eyes on the trading range highlighted by the pattern spotted. SHS. A break out from the range will result into possible new high within our stated target.Trade active
we have the first test on the top of the range. Comment
Sorry wrong chart, here is correct oneTrade active
Price still olding the top side of the range, we must keep our eyes close on it, if that range got broken it will result into massive move.Trade active
Some of my major worries for the drop. We hit top level of this channel check it out guys
Trade active
Trade active
According to this analysis, after achieving target for wave 3 it pointed down for correction towards the 4500$ zone. The drop will not be easy as the whole market is overshadow with bullish sentiment. But I still remain positive.
Trade active
Price still holding the rangeTrade active
Price got rejected at our projected wave 5 level. That is awesomeTrade active
KEEP THE DROP COMMING BABYTrade active
Trade active
Comment
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