Get started
Felix000

#crypto #bitcoin how bears win. Has anything changed ?

Short
Bitcoin (BITFINEX:BTCUSD)  
Felix000 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD btc_usd Bitcoin (Cryptocurrency) bitcointrading crypto cryptocurrencies
0
0
trendanalysis chartpattern indicator btc btcusd btc_usd bitcoin bitcointrading crypto cryptocurrencies
These are patterns made up of consecutive Williams Fractal highs. See what happens when price falls below the pink square and when MACD closes below zero. I expected the market today would shoot up and down to a new low, and it hasn't happened. Not long left now.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
My analysis done using the chart of gold that we would see a lower low yesterday did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.