A tiny drop in bitcoin, and everybody is scared and shouting. Just relax, you saw the fake break-out with your own eyes, and you still believe its christmas and bitcoin will go to 10.000$ just like that!
Dont be stressed, you have to sneak in, and be patient. Whales are playing with people at this very moment.
We saw a MASSIVE uptrend on google tops with bitcoin. Always keep in mind, its a dangerous signal when people in your family starts to call you and ask you "How do i buy bitcoin?"
Before we get started, lets smash this "thumbs-up" button and moon the likes!
Bitcoin (BTC) Chart Analysis
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 20-MA, wait for next candle to close in approx 7 hours, if price is close to 20-MA, we will see a downfall or sideways consolidation.
The NVT and RSI are both showing bearish divergence .
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 2-5 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.
Dont be stressed, you have to sneak in, and be patient. Whales are playing with people at this very moment.
We saw a MASSIVE uptrend on google tops with bitcoin. Always keep in mind, its a dangerous signal when people in your family starts to call you and ask you "How do i buy bitcoin?"
Before we get started, lets smash this "thumbs-up" button and moon the likes!
Bitcoin (BTC) Chart Analysis
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 20-MA, wait for next candle to close in approx 7 hours, if price is close to 20-MA, we will see a downfall or sideways consolidation.
The NVT and RSI are both showing bearish divergence .
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 2-5 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.
Comment:
I do love this Bitcoin action! Absolutely the best market to be in, the most important thing is not to listen to all what you hear. Check your TA's and follow it!
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4HOUR CHART:
Divergence on MA-Ribbon, bearish signal, if ribbon reverses.
Divergence on MA-Ribbon, bearish signal, if ribbon reverses.
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If you have any question, please feel free to ask :)
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Status: Waiting for the present candle to close on the DAILY chart.
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Next daily candle, shows bearish engulfing.