¡BTC in the LONG TERM! BIG MOVEMENTS :)
What's up guys! I have made this new analysis based on some more long term indicators and patterns.
My last idea was about the
BTCUSDT
in the mid term. This one goes for the long. Follow me if you want me to keep you updated! I'll be working on this one.
As we can see in the week candles, the price has formed a simetric triangle. I have delimited it considering the shadows because they are WEEK CANDLES! We cannot make the mistake of underestimating those. Price has also reached the 0.38 FIBO lvl, which has already been reached in the past but we failed to surpass it. MACD and RSI on the chart indicating us some interesting things.
+ I will be updating this idea guys, keep an eye on it! And if you like my job, please leave a like, comment or a follow! I would really appreaciate it :) See you.
My last idea was about the
BTCUSDT
in the mid term. This one goes for the long. Follow me if you want me to keep you updated! I'll be working on this one. As we can see in the week candles, the price has formed a simetric triangle. I have delimited it considering the shadows because they are WEEK CANDLES! We cannot make the mistake of underestimating those. Price has also reached the 0.38 FIBO lvl, which has already been reached in the past but we failed to surpass it. MACD and RSI on the chart indicating us some interesting things.
- Here is why I believe we are approaching to a bearish movement.
- Top side of the triangle is near us but MA volume isn't accompanying.
- Strong Fibonacci level is acting as a resistance for the price. We have already reached the 0.38 fibo level but we could not surpass it, and now volume is already decreasing so I doubt we make it this time.
- MACD is replaying something it already did in the past. With the same levels. According to it, we have three more weeks before the price goes down, but we should keep an eye on this.
- RSI is showing some weakness and difficulties on its uphill. Not something we are used to see in BTC, and not something we have seen in BTC history.
+ I will be updating this idea guys, keep an eye on it! And if you like my job, please leave a like, comment or a follow! I would really appreaciate it :) See you.
Comment:
As I told you, I am no trading BTC/USDT in the mid/long.
As it has been demonstrated this morning, we can be bulltraps victims!
As it has been demonstrated this morning, we can be bulltraps victims!
Comment:
Be aware of this candle closure. If we break above the triangle, we may expect some bullish rally time :)
Be patient, and be aware, the triangle is still being perfectly respected. Our pattern is real and super confirmed.
# I would not trade BTC/USDT in the mid/long term right now. I am not doing it. I am waiting for a movement to confirm my signal trades.