mini_miner

mini_miner

Bitcoin price broke out of the upper bound of the flag. It retested the upper bound of the flag also. The target could be $68000.

mini_miner

seems the target could be about 70K

mini_miner

Bitcoin is testing the lower edge of the triangle after the breakdown of it. If the lower edge resistance could not be broken we should expect more drops. the 20000 channel will be coming! The probable target could be 22500!

mini_miner

The Head and shoulder pattern is seen clearly. A possible target could be 29000-30000

mini_miner

It seems that Dash likes triangles! We can see descending triangles obviously in both 4H and daily time frames. I think it could be a good short position. The target could be around 45 and stop-loss should be around 70.

mini_miner Updated 

In the daily time frame we can see a bearish pennant. Also, bearish divergence is appeared in the RSI. Target could be the 10200. It could be a good support because it is near the EMA-100 and the top price of the June!

mini_miner

It seems that we are forming bearish pennant!

mini_miner

The hidden bearish divergence is formed in the 1H time frame again!

mini_miner

I am bearish about Bitcoin now for at least 3-4 weeks. Here is some reasons for it. First of all, let me see 4H time frame. A descending channel is formed from 1 June 2020. We can see obviously Lower Highs and Lower Lows from 1 June up to now. Now, look at a longer time frame, the daily time frame. Since the huge drop to $3800 on 13th March up to 1st June,...

mini_miner

I see a weak bearish pattern (higher highs in the price chart and equal highs in the RSI indicator) in the 1H time frame. We had a medium bearish pattern (equal highs in the price chart and higher highs in the RSI indicator) in the previous week. Here is previous idea: In the 30m time frame, the pattern is strongly bearish (higher highs in the price chart and...

mini_miner

Medium bearish sign in the 4H time frame.