No wonder a bearish outlook for Bitcoin, its Bullrun comes to an end. Macroeconomic data is not supporting it, and the SP500 is in a complicated situation. BTC yesterday broke the 30.000$ area (its structural support, changing its trend), but we can still expect a good bounce before plummeting.
However, we are in an area where many are still hesitating whether to keep their Bitcoins or sell them. That's a personal thing, the best advice ? DIVERSIFY your portfolio well and try to be as little exposed as possible to the market, because here I show you a different vision.
Sometimes we are used to see the chart in the same way 300 times and we always see the same thing because our eyesight is getting vitiated. But... I propose you something:
I'm going to turn the chart around so you can see it better. And now I will mark 3 different BOTTOM patterns simultaneously.
- Rising Wedge
- Shoulder head shoulder
- Cup and candle
and Weekly Divergence if I remember correctly.
Too many negative patterns converge at the same point, and when this happens? the highest probability is that they will be fulfilled. Bitcoin has grown a lot, so it is not surprising that we could see a crash in its price.
I hope this will help to keep you safe.
However, we are in an area where many are still hesitating whether to keep their Bitcoins or sell them. That's a personal thing, the best advice ? DIVERSIFY your portfolio well and try to be as little exposed as possible to the market, because here I show you a different vision.
Sometimes we are used to see the chart in the same way 300 times and we always see the same thing because our eyesight is getting vitiated. But... I propose you something:
I'm going to turn the chart around so you can see it better. And now I will mark 3 different BOTTOM patterns simultaneously.
- Rising Wedge
- Shoulder head shoulder
- Cup and candle
and Weekly Divergence if I remember correctly.
Too many negative patterns converge at the same point, and when this happens? the highest probability is that they will be fulfilled. Bitcoin has grown a lot, so it is not surprising that we could see a crash in its price.
I hope this will help to keep you safe.