BTC's deadly H&S ☠️
A very clear Head and Shoulders is visible in BTC's weekly chart.
📍If the neckline could not hold the price, it can be broken and the 3 TPs of the head and shoulders are shown further in the chart
📍 The first TP is the middle of the long-term regression channel which is around 25k and a very important price level and support zone.
📍 The latest fundamental NEWS aren't actually very positive either, as there are rumors that the institutional investors are looking forward to sell bitcoin in this price level
📍 Another very important factor is the DXY (Dollar Index Chart) which seems very bullish and we can assume that the crypto-currency may need a coll-off for the next bull-run
⚠️ corona-virus was another key factor which helped the crypto-currencies and helped them show their power, now when the vaccination is about to happen globally and the lock-downs have decreased vastly we can assume that the Bitcoin and other crypto-currecnies need to cool-off...
ALL THE STATEMENTS ABOVE ARE MY POINT OF VIEW
PLEASE DO NOT TAKE ANY LONG OR SHORT POSITION BASED ON MY ANALYSIS
Ask me your questions and or problems
I would be very happy to know your opinions
📍If the neckline could not hold the price, it can be broken and the 3 TPs of the head and shoulders are shown further in the chart
📍 The first TP is the middle of the long-term regression channel which is around 25k and a very important price level and support zone.
📍 The latest fundamental NEWS aren't actually very positive either, as there are rumors that the institutional investors are looking forward to sell bitcoin in this price level
📍 Another very important factor is the DXY (Dollar Index Chart) which seems very bullish and we can assume that the crypto-currency may need a coll-off for the next bull-run
⚠️ corona-virus was another key factor which helped the crypto-currencies and helped them show their power, now when the vaccination is about to happen globally and the lock-downs have decreased vastly we can assume that the Bitcoin and other crypto-currecnies need to cool-off...
ALL THE STATEMENTS ABOVE ARE MY POINT OF VIEW
PLEASE DO NOT TAKE ANY LONG OR SHORT POSITION BASED ON MY ANALYSIS
Ask me your questions and or problems
I would be very happy to know your opinions
Emir iptal
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.