- Bitcoin is Forming Bearish Triangle Pattern in Daily Chart..(Not Completed Yet)
- Major Indicators (MACD & RSI) Turning Bearish ..
- IF BTC Broke the Support (9.2k) Then It Could Fall Badly..
Another View..!!
- Mostly BTCUSD will go back to 6k~7k level before the next BullRun.
- Halving date :16 May 2020; So whales will crash the market before 16th May. If they don't Crash, then there will be stronger FOMO, So they won't let it happen.
- BTC will crash, so people will get out and whales will accumulate.
- Currently whales are selling BTC slowly, the descending triangle confirms that.
- You guys should be well prepared for a crash. ;)
BTC Dominance..!!
BTC Dominance Has at Top & Facing Very Strong Resistance ..
I think Dominance will Dump Hard in Coming Days..( RSI Overbought + MACD and RSI Bearish divergence)
Will History Repeat Itself??
Please, give us your opinion in the comments!
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Agree! People are blinded by fomo that they think a 1-3 year bull run is created on 2 months. This 5k > 13k is not a bull run if anything its a bulltrap. 5-8k is conservative and hopeful imo. Worst case scenario I have in mind is 700-1k but lets hope that doesnt happen. 5-8k is ok!
@confirmationbias, anything below 3K is highly unlikely but if we stay in this 6K-9K range I'm happy to trade that for many years. I don't need all time highs. 100k btc etc..just needs to be a little more stable.
ABG1968
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We really don't know for sure, this to me looks more od a 33333 extended, this can shoot up in 5 waves as well down in 5 waves. Alligator is sleeping so the trend is not on one side or another, we need confirmation first.
ABG1968
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I also did this long time ago and seems to follow the golden ratio
FreshCrypto
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Of course Mate, BTC is always at a low point during that halving it's only until many months later it starts to rise again to new ATH. The real question is what is it going to do for the next two months?