BTC is in the process of developing a bearish butterfly pattern on 2 hourly, If you look at the pattern entry point, That level is a strong supply zone and we will most likely dump down from that level towards $40k. I do have a speculative theory though I really don't believe on speculations AT ALL but my speculative theory has some reasoning to it. From November...
The Daily pattern that seems to be forming is also within the Weekly Ascending Triangle. Be aware that it hasn't confirmed yet. Also, I know the neckline is a little off.
Weekly Chart:
Pay attention to the volume and short term EMA'S on the Daily.
Ok, so that Bart break to $10.4k threw me off. However, after the steep drop and failed break we went back to where we were beforehand.
Same thing as I said last week, bulls must sustain the bull breaks or it'll get rejected.
For the first time in over a year I've gone short as I feel a drop in order to retest the Weekly low is inevitable.
I've been setting...
Hello guys,
In my last charts about Bitcoin I have been talking about a dump or a retracement wave coming and in most cases I saw that I was being laughed at or counter argued in the trader community but one thing I learned from trading is if you have a strategy which works for you stop listening to others as that will cause more confusion then help
So if to...
