Bitcoin
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Multi-Timeframe Analysis: Bitcoin

1031
Hourly Chart: Expanding Triangle(Bearish)

Daily Chart: Bearish Flag + Doji followed by confirmation Candle at 0.618 Fibonacci level. (Bearish)

Weekly Chart: Closing below Flat Top triangle for 2 weeks, and Bullish Engulfing after a Spinning Top and confirmation. (Neutral-Bullish)

Monthly Chart: Spinning Top after 13 months of Parabolic price move.

Change in Average Dollar Value of Trades: in the first 4 months of 2021 in comparison to the last 4 months of 2020.

Conclusion: Bearish is the most probable scenario.
Moshkelgosha
Educational Articles:
1-Triangle:
https://www.investopedia.com/articles/technical/03/091003.asp
2- Retracement vs reversal:
https://www.investopedia.com/articles/trading/06/retracements.asp
3- Fibonacci Retracement Levels:
https://www.investopedia.com/terms/f/fibonacciretracement.asp
4-Flag:
https://www.investopedia.com/terms/f/flag.asp
5- Bullish Engulfing:
https://www.investopedia.com/terms/b/bullishengulfingpattern.asp
6-Spinning Top:
https://www.investopedia.com/terms/s/spinning-top.asp
7- Parabolic uptrend:
https://www.investopedia.com/what-you-need-to-know-about-tesla-s-parabolic-uptrend-4784179

History tends to repeats itself..!

One Swallow Does Not Make a Summer (or Spring)

Feragatname

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