Bitcoin
Long
Mis à jour

BTC/ USD : MINDS OF MILLIONS SAY NO

370
HEY TRADERS, I'VE BEEN SEEING SO MANY PRICE FORECASTS FOR BTC SO I DECIDED TO DO SOMETHING A BIT DIFFERENT. HERE'S A QUICK LOOK AT SOME BEARISH PATTERNS THAT REFLECT THE SENTIMENT OF THE MASSES REGARDING BITCOIN'S CURRENT HEALTH.

ON CHRISTMAS DAY THERE WAS A DOJI MORNING STAR. THIS IS A BOTTOM REVERSAL, SO IT WAS THE FIRST BULLISH SIGNAL SINCE DECEMBER 17TH.

WE THEN HAD AN OVERALL RALLY UNTIL JANUARY 7TH, WHERE A BEARISH ENGULFMENT PATTERN WAS CONFIRMED. THE BEARS WERE BACK IN CONTROL. ANOTHER BEARISH ENGULFMENT WAS CONFIRMED A COUPLE DAYS LATER ON JANUARY 11TH.

SINCE THEN WE'VE BEEN IN A PRETTY BAD BEAR MARKET. DEFINITELY NOT 2014 STATUS, BUT SOME HAVE FELT THE BURN ALREADY. WE'VE YET TO SEE A DESCENT BULLISH SIGNAL.

THE QUESTION IS...WILL WE BREAK SUPPORT AND CONTINUE THE DOWNTREND? OR WILL THE BULLS COME BACK GUNS BLAZIN'?

...ACTUALLY WE JUST BROKE WHITE HORIZONTAL SUPPORT. WE MAY ENDURE ANOTHER BEATING BOYS

Note
BEARS ARE STILL DOMINATING AS YOU CAN SEE FROM THE TINY REAL BODY OF TODAY'S GREEN CANDLE
Note
WE GOT A BOUNCE FROM WHITE RESISTANCE. STILL WAITING FOR A BREAKOUT
Note
WE HAD A BREAKOUT AT BOTH SUPPORTS, EXTREMELY BEARISH BUT WE WILL RETEST DIAGONAL RESISTANCE EVENTUALLY AROUND THE $9470 MARK. HOPE YOU GUYS AREN'T SELLING! HOLD IT RIGHT IN THE P****
Note
WELL THAT WAS STUPID OF COURSE Y'ALL ARE SELLING...OOPS

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.