Let's talk about BTC (Bitcoin). BTC needs no introduction everybody know what it is. So lets come to the point TA
Technical Analysis
So Bitcoin is doing some bullish moves since past week (Forming Ascending Wedge). Ascending wedge which is a highly bearish pattern I put Ascending wedge target on the chart which is my primary count I also see the possibility of inverse Head&Shoulder. So there is 2 scenarios which i put on the chart I hope it will help u guys.
INDICATORS
1. RSI is too much high (bearish signals)
2. Stochastic signals Bearish trend ahead
3. Bearish Pattern formed (Ascending Wedge)
CONCLUSION
The conclusion is that BTC will correct from here & alts will continue bleed. It can be either a Head&Shoulder pattern Or The ascending wedge. Let's see how it goes.
Thanks guys for looking into don't forget to leave a like.
THANK YOU FOR YOUR SUPPORT
Technical Analysis
So Bitcoin is doing some bullish moves since past week (Forming Ascending Wedge). Ascending wedge which is a highly bearish pattern I put Ascending wedge target on the chart which is my primary count I also see the possibility of inverse Head&Shoulder. So there is 2 scenarios which i put on the chart I hope it will help u guys.
INDICATORS
1. RSI is too much high (bearish signals)
2. Stochastic signals Bearish trend ahead
3. Bearish Pattern formed (Ascending Wedge)
CONCLUSION
The conclusion is that BTC will correct from here & alts will continue bleed. It can be either a Head&Shoulder pattern Or The ascending wedge. Let's see how it goes.
Thanks guys for looking into don't forget to leave a like.
THANK YOU FOR YOUR SUPPORT
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Daily Candle Closed Formed A Hammer Candlestick (Bearish Indication)
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Breakout Is happening
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Breakdown
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Looks like we are going to test the neckline before falling
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As u guys saw price reached the neckline though indicators are positive i'm expecting a correction form here on
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ITS DOING BEAR WICK
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We are going down to 7900 Region
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Bitcoin Turning Bullish
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And the buying order hit it is still in our buying zone feel free to buy and reload
