The chart says it all
The chart says it all.
The chart says it all.
The chart says it all.
Title says it already.
Bitcoin four year trendline is around 7900 and now is in serious jeopardy. This is critical time. If the four year trendline is broken. Bitcoin will fall further to 5k.
1. Key trend line from last year bottom 6450, 6800 is broken. uptrend is invalidated. 2. 200 Day SMA is lost. 3. on daily formed head & shoulder pattern, neckline is broken. 4. based on head & shoulder pattern, bitcoin could fall to 6200.
Bitcoin will hit 18k before halving.
Beautiful bitcoin weekly setup, after each 18% impulse wave, we get a correction, then another 18% impulse wave, we are going to 12k!
Huge CME Gap down, the gap will be filled and the price will be pushed even higher
BTC golden cross is incoming, we may challenge all time high 20k in next few weeks.
The trend channel was very well respected in the last 7 months. BTC now reached the top channel again. Expect a dump to 5k range.
BTC will fall to $1500 based on head and shoulder pattern and potentially form a macro lower low. BTC is on the verge of collapsing.
In the 2016-2017 BTC bull market, 21 weekly has been repeatedly proven as a key support. When BTC decisively broke down 21 EMA, BTC enter into a massive bear market. Today, BTC not only broke down the key 9500 support line. It also decisively broke down the 21 weekly EMA. Another BTC bear market is back. This bear market may take several months to complete.
After a month sideways, BTC finally broke down 9500 key descending traingle support line. The 2018 desending triangle breakdown pattern will repeat. We may consolidate around 8k to 8.8k range. Then, next week, we will free fall by 30% down all the way to 5k. Today's drop is just a prelude. Brace for the incoming massive impact.
BTC is now under two critical resistence trend lines. More downside looks very likely. For bull case, we need to break those two resistence trend line for more upside.
BTC is under the pressure of a critical resistance trend line. If we firmly break it, we can go long, otherwise, more downside is imminent.