Detailed and transparent analysis / Bitcoin will soon die ? v2.0
General analysis
1) Fibonacci
A) The blue rectangle indicates the area of possible rebound to continue movement
B) The red rectangle indicates the area that calls into question the continuation of the movement
C) The black rectangle cancels continuation of trend
The price dropped to the black rectangle and on 6th of February the trend was changed to a downward trend .
2) Inverted cup and handle
For two months the model of the inverted cup and handle has been generated , this model indicates a continuation of the downward trend , the target level is indicated on the chart
Midterm analysis
The price range is narrowing , on the chart you can see the emerging triangle , usually breakthrough occurs in the direction of the trend .
1) Fibonacci
A) The blue rectangle indicates the area of possible rebound to continue movement
B) The red rectangle indicates the area that calls into question the continuation of the movement
C) The black rectangle cancels continuation of trend
The price dropped to the black rectangle and on 6th of February the trend was changed to a downward trend .
2) Inverted cup and handle
For two months the model of the inverted cup and handle has been generated , this model indicates a continuation of the downward trend , the target level is indicated on the chart
Midterm analysis
The price range is narrowing , on the chart you can see the emerging triangle , usually breakthrough occurs in the direction of the trend .
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Status wait for the breakthrough of the triangle
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indicators confirm a breakthrough , we must wait for the closure of the four-hour candleNot
LOL ,the price broke the main downward trend line .in my opinion it's just a market manipulation
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To reduce risks, wait for the day candle to closeNot
The huge volume Not
For new readersI don't make any predictions
I just use technical analysis and I calculate the formations on the chart
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we test the resistance line , wait for the day candle to close above the resistance lineNot
The price was fixed above the downtrend line at the moment we are testing the support line of 7770 and i don't see the correct entry point
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Everything looks good , but there is no entry point .You should understand that experienced players came to the market and this can be a bull trap
We need to wait for the correction to check the movement
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indicators don't confirm movement , correction is possible Not
ENTRY closing a four-hour candle above the descending lineNot
there is a risk of slippage , safe entry - 3% of the breakdown pointNot
IMPORTANT We need a three percent breakthrough of flag and closing four hour candle above the descending line for continue the movement STATUS Don't trade
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On the chart, we see the breakthrough of the flag ,ideally we need to wait for the closure of the four-hour candle
The resistance zone is 8900 - 9200
The target level of flag is 9600
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bearish absorption is possible and correction too , be careful Not
The bearish absorption is possbile and correction too , be careful , better sell Not
closing the four hour candle below the level of 7240 will mean a correction movementNot
it looks like a pennant , closing the four hour candle above the level of 8400 will mean a continuation movement Not
In case of continuation of the price reduction, closing the four hour candle below the blue rectangle will mean doubt in the upward movementSTATUS Don't trade
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The bearish absorption on the day chart , be careful , the very bad signNot
On the chart we can see the breakthrough of the flag . The target level is 7518
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Honestly , I don't know what is this In the red circle we can see the small volume
I think it's the trap
Closing the four hour candle above the blue line will mean the continuation of the movement
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I noticed the form of head and shoulders on the chart .Most likely the last jump in the price is another manipulation for save .
It's only my guess
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On the chart we can see the bullish absorption , it's the good sign for price growthSAFE ENTRY[/B] Closing the four hour candle above the blue line
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The price rebounded from the blue line Wait for the closure of the four-hour candle
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The four hour candle closed above the blue line The indicator shows the forming of the trend
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Everything looks good.The candles closes with the a new high , it's the good sign of start the bullish movement.
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with a new high*Not
Ideally we need the closure of the day candle above the blue line Not
Important , especially for smart assI don't claim that bitcoin will die or will become much cheaper , I'm just analyzing the chart and i don't manage the price / market
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The four hour candle closed above the resistance zone ( the red rectangle )It's the good sign for price growth , the approximate target level is 9500
On the day chart we can see the three candles with a new high , it's the sign of acceleration.
The closure of the day canlde above the red rectangle will be a good confirmation sign
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day candle*Not
The price confirmed the previous resistance as the support , it's the good sign Not
The falling star pattern , the reduction in price is possible , be careful 
Feragatname
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