Bitcoin Down Trend: Time to sell?

12 Eki

My proprietary indicator predicted the last two bitcoin crashes and is history repeating? It appears likely so. Both previous Bitcoin crashes were preceding by the price of Bitcoin closing below support. Each time price went back up and channeled without making a new high and then crash back down.

This chart shows the last two crashes and the info on the chart reveals exactly when price action indicated the statistically probability of a coming crash.

And yes, history is repeating as the same price action happened again on Bitcoin. Time to get out in my opinion.

12 Eki

Yorum

This chart is not the last two crashes. It's the most recent price action. The red arrow indicates where price closed below support on a weekly candle. The last two times this happened Bitcoin crashed soon afterwards. Bitcoin is technically in a downtrend now. My suggestion is to get out as the odds of it going higher based on past analysis is low.