BrettduPreez

Bitcoin losing strength

Satış
BrettduPreez Güncellendi   
BITFINEX:BTCUSD   Bitcoin
Seems that Bitcoin is losing momentum from bulls. The ultimate test for now being the 50 period moving average (yellow).
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I do not think that we will see a bull trap. The CCI has no room for one.

www.tradingview.com/chart/boWNv2aI/
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Forming a perfect head and shoulders pattern. If we do not trade higher than 8500 in the coming 6 hours, we are very likely to be going down from here.
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I'm still short. Do not be surprised if this is a Bull trap. We have experienced Bull traps on almost all of the previous stops in this downtrend.
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The fall to 5000 USD has started. There was a bounce of the support formed by the 200 period weighted moving average and the downtrend line. Just a matter of time before this is also broken. Then next target is 7800 USD, which should also easily be broken, taking us further down.
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.