[BITCOIN] The Grande Finale is Soon Over Hello everybody.
I'm hella tired so I will make it short.
I feel so strongly about BTC heading back down that I dare to post it.
BTC have been rejected by the ¤H EMA 55 like 3-4 times now in a week and it cant get more bearish imo.
EMA 55 on the 4h is an important timeframe short to mid-term and the EMA 55 is being respected always. Always. But most never notice it I guess because it is not being respected as strongly as the 1 day EMA 55 does.
it is just one of many indications that it is over and BTC is heading back down to the 5000-6000 region at a minimum.
The 2 day RSI / Stoch is other significant factors and 1 day RSI is also bearish.
This is not financial advice but as you see on the chart it seems pretty that the top is in and btc is already heading down. ( broken formations, and the biggest formations more or less broken - a question about hours I think )
I'm writing this with 1 eye open so I hope you survive the poor quality of the analysis.
Have a nice day.
Wisdom of the day:
For every billionaire shilling BTC in the public we likely got 10 billionares buying the bottom, dumping the top and shorting the top. So just because we got a few billionaires promoting BTC it does not mean that they represent all billionaire whales. Nope, they ( mac kaiser, Tim Draper, The BTC twins and so on ) hey are all hodlerne not traders. They will do whatever it takes to pump their bags. Even if they belive in and love the project they shill. But every time you got a rich hodler you got maybe 10 rich traders that dont care about Bitcoin revolution but only cool cash. Even if it means BTC will ever go over 10.500 usd again. That is the truth. + Governments with unlimited fiat can block any chance of BTC going over 10.500 too. But the 99% never think like this..but belive in that if you belive in btc will go to 50k then it will just suddenly happen! - Nah, that is not how the financial world works. But that is how you lose your lifes savings being a fool playing vs the Wall Street Pro's where you can only lose in the long run and be lucky in the short run (retailers and fools) :)
Confucius_The_Great
