Today we look at bitcoin times in the 1 Week Timeframe.
What strikes us immediately is the Long Upper Shadow candle, which was completed last week.
This candle is an extremely decisive sign that the trend continues downwards.
In addition to this clear sign, we also look at the long & shorts where you can clearly see a strong rise of the shorts and sees a very strong fall of the longs.
The Rsi has also crossed and I expect another very strong sell-off.
The Bakkt and the ETF not appear as expected in the first quarter of 2019, robbing the bull slowly the force and there bring also no seemingly possitive news something
I still think that we will not see a Accumalations phase until 5-6 months, until then, it will be hard to keep the price above the 3000 USD mark.
Yorum
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You can see how it would go out according to percentages, but I think that the bear market this time over 90% loss calls.
After the last bear market there was an accumulation phase of over 231 days (yellow marked). This would also match the Halving's date we will see the next bull run.
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.
UnknownUnicorn2454397
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Sometimes I draw falling triangles that are not falling triangles as well
Mr_Sagitario
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@gainsbeast, it is a descending Triangle not a falling
BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.