BTC forming another wedge
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Never risk more than you can afford to lose.
Always DYOR.
During past days, BTC, almost made happy every single bullish trader by making a couple of daily huge candles.
Any way I think BTC is just headed downward although, it is green and bullish.
The philosophy will appear within following charts.
First of all, USDT.D is forming an ABCD pattern in daily timeframe which means as long as it is
bearish and falling down, the BTC will pump up and verse versa.
Please take a look at the following chart.
BTC, has already made a Quasimodo pattern in dail and weekly timeframes which is sort of Head and shoulders pattern, though, the point is, on daily timeframe and on the right shoulder it has already formed two wedge which baffled traders and analysisors
One may take look at the first one on following chart.
Then BTC collapsed down and formed following chart pattern which one may notice on the following chart.
Now, I think that BTC is forming another pattern which may end to another collapse again, the close up screen shot has been provided as follow.
according to these actions of BTC and the pattern which USDT.D is forming, perhapse one expects more crashes on BTC's price after this bullish market.
Proper time gives a beacon for long term trade.
This is a personal idea and I am not a financial adviser.
Never risk more than you can afford to lose.
Always DYOR.
During past days, BTC, almost made happy every single bullish trader by making a couple of daily huge candles.
Any way I think BTC is just headed downward although, it is green and bullish.
The philosophy will appear within following charts.
First of all, USDT.D is forming an ABCD pattern in daily timeframe which means as long as it is
bearish and falling down, the BTC will pump up and verse versa.
Please take a look at the following chart.
BTC, has already made a Quasimodo pattern in dail and weekly timeframes which is sort of Head and shoulders pattern, though, the point is, on daily timeframe and on the right shoulder it has already formed two wedge which baffled traders and analysisors
One may take look at the first one on following chart.
Then BTC collapsed down and formed following chart pattern which one may notice on the following chart.
Now, I think that BTC is forming another pattern which may end to another collapse again, the close up screen shot has been provided as follow.
according to these actions of BTC and the pattern which USDT.D is forming, perhapse one expects more crashes on BTC's price after this bullish market.
Proper time gives a beacon for long term trade.
This is a personal idea and I am not a financial adviser.
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