I just found something interesting, and sorry if i changed my drawline.
Yesterday i posted btc is stuck in falling wedge pattern.. but i think this draw is make sense too.
While BTCUSDT still on parallel channel making new lows .
i just remember the thing that BTC always do when bearish.
well it's a basic theory , which is making a reversal pattern.
And my opinion is BTC is now printing inverse head and shoulder for this week till 'mid august.
As you can see 4H BTC RSI now is in OVERSOLD zone , it'll bounce but not for rally.
just a formality bounce. Then dump further making 'the head' (looks make sense right? cause so many TA making analist that BTC will go to $25k)
Coincidence? maybe this is what whales wanted.
If you use EMA indicator, see it now at 1W timeframe. $25k itself is sitting around ema100 line.
maybe the price will go down to ema100 first, then fresh rally begins at Q4 of this year.
well this is only my thought that i wanna share it to you guys.
waddya think?
*not financial advice
Yesterday i posted btc is stuck in falling wedge pattern.. but i think this draw is make sense too.
While BTCUSDT still on parallel channel making new lows .
i just remember the thing that BTC always do when bearish.
well it's a basic theory , which is making a reversal pattern.
And my opinion is BTC is now printing inverse head and shoulder for this week till 'mid august.
As you can see 4H BTC RSI now is in OVERSOLD zone , it'll bounce but not for rally.
just a formality bounce. Then dump further making 'the head' (looks make sense right? cause so many TA making analist that BTC will go to $25k)
Coincidence? maybe this is what whales wanted.
If you use EMA indicator, see it now at 1W timeframe. $25k itself is sitting around ema100 line.
maybe the price will go down to ema100 first, then fresh rally begins at Q4 of this year.
well this is only my thought that i wanna share it to you guys.
waddya think?
*not financial advice