What if I told you.no matter how many strong bullish candles had gotten made. Did you see that big bearish candlestick? but I've been waiting for that.still in the parallel channel as before. no breakout will happen. just wait a couple of weeks to see the price under the 6000$. you just need to be like an eagle to see everything .then it'll give us an opportunity...
No matter how many strong bullish candles have gotten make . the trend is downtrend yet .it just needs to be seen in a higher time frame and put the trends in a downtrend parallel channel. There is only one 0.382 supportive area exists. The green uptrend favourable line is gonna make a bullish behaviour because we have a flag pattern.
it's kinda hard to predict, there is a bearish triangle and 21 moving average resist vs a 0.618 strong supportive level . who wins ?
just wait for a signal and then start trading. honestly I've tried to find all other price sanctions in short terms. lets get it more simple by finding price goals and patterns to get less confused.
Up to down analysis of time frames has too many benefits.You just need a couple of tools like fibo and trend lines which help us to find the price goals. just keep it simple ;)
We have to be more patient to see what will happen. Will the trend line and 21 moving average support the price to build a bullish trend or 0.618 area avoid going upward to go through this area and make a downward trend???
As we can see, in 8 July 19, there is a confusing transaction which it shadows in one of the lowest prices has BTC ever seen .after that a bearish trend has begun in the weekly chart. Just see the bullish flag pattern and the fib retracement and the miracle of 0.618 that it doesn't let the price to go future up to 10000$.
Honestly, I have sincerely believed in patterns, patterns don't lie. I just find that butterfly pattern in BCH chart, and I'm so excited about that. I think we should open up our positions or pay some money to buy some BCH, but we need to be careful about our boundaries and stop losses.
enjoy trading
;)
