BitcoinAlış
It's all lost now?
That hurted pretty badley, theres no denying in that. But is all lost? I dont think so, yes we broke the bottom of 5900 dollar, but that doesnt have to be a problem.
What if that bottom was never of any importance and, looking at a bigger timeframe, a falling wedge is the dominant pattern? The bottom trendline in yellow has only been tested two times and what if bitcoin is gearing up to test it for a third time before breaking to the upside?
On the weekly chart the MACD is showing massive bullish divergence and volume, although a bit less, is doing the same. We do not get the same confirmation from the RSI, but remember, back in the 2014 bear market it didnt either.
I recon bitcoin is in for one more last drop in the falling wedge to the former high of 5 k before breaking out to the upside.
What if that bottom was never of any importance and, looking at a bigger timeframe, a falling wedge is the dominant pattern? The bottom trendline in yellow has only been tested two times and what if bitcoin is gearing up to test it for a third time before breaking to the upside?
On the weekly chart the MACD is showing massive bullish divergence and volume, although a bit less, is doing the same. We do not get the same confirmation from the RSI, but remember, back in the 2014 bear market it didnt either.
I recon bitcoin is in for one more last drop in the falling wedge to the former high of 5 k before breaking out to the upside.
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.