behnam90

behnam90

BTC is walking in a beautiful channel. 33k was the bottom.

behnam90

BTC just hit the Fibonacci Retracement 61.8%, so be careful.

behnam90

Different guys look at different channels for a symbol. It is very important to identify a correct channels/lines. Breakout in a channel may be a pivot in another channel. a bit confusing! We have to count the number of confirmations.

behnam90

Amazing Moving Averages!

behnam90

According to the previous idea, I expect a behavior like this. # NOT FINANCIAL ADVICE.

behnam90

If we look at BTC chart in 2018, we can see a pattern like "bouncing ball". BTC is like a ball thrown up from 6000 to the height of 20000 (DH = 14000). Then it falls and each time it hits 6000, it rebounds to the approximately 50% of its height. Will we have this pattern again?

behnam90

I changed my mind about previous BTC analysis and 250k target. It seems BTC is moving in a bearish channel and disrespecting moving averages one by one. Not Financial Advice!

behnam90

Please note the BTC channel in weekly time frame and log scale. Recent correction is a pullback to the midline.