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Looks like BTC is going to hit 6k and then we have the chance for a double bottom to bounce back up!
Only time will tell.. keep checking the volume!
Literally every time I open my TradingView I see retarded bitcoin analysis, sorry. I really don't understand why people bother lol. So me being a hypocrite, I decided to do an analysis.
Bitcoin nicely respects Fibonacci. SO plan your entries if you're insane enough to trade it.
There is still giant selling pressure.
Predicting bitcoin is jokes. everyone is ...
A clear break of the counter trendline with a consistent powerful show coming from the bears in this market. Do we go back down to the 6k mark? Or will we have trouble breaking 8600 - 8500?
Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.
Could Bitcoin have the potential to reach the key area of $5,800 mark?
BTCUSD MEET BEARS
People, it's nearly Christmas.
And people need to buy presents at Christmas.
People can't yet buy presents with Bitcoin.
People need to sell Bitcoin to buy presents.
Thank you for reading my poem.
I'll see you all in 2018 for the Bull Rally on Cryptos.
Expect Crpytocurrencies to be the 2nd largest volume of trade in 2018 behind Foreign ...
Make sure you TRADE SAFE
Divergence will build as shown on RSI window.
Bears will take control.
1st stop, 5K
This could be the start of THE BIG SHORT - and then the BTC10K ;)
1.Upperband Bollinger band in the strong resistance zone which indicated resistance in or around(below) zone
2.Opposing support zone Breached by the strength of resistance
3.Profit margin 1:4
4.No strong support until 2660
5.Downtrend still validated by trend-line
2.Support broken resistance validated
3.Strong drop from 2750.17
4.Counter trend Trading
5.Profit margin 1:4
previous trade was too low in the curve, profit margin has increased.