Alert: Bitcoin is don't make this bullish movement yet!!!
Hello, in this analysis so quickly. Bitcoin has difficult to find up to broke up the $10,700 USD resistance, and then, Bitcoin doesn't prepare and we are in the possible strong resistance formed betwen the $10,700 USD and $10,800 USD. The key is in H4 timeframe. The bulls don't have force to continue up and this could be a possible drop and manipulation of the price!!! Beware to put any long position, because Bitcoin could be manipulated by bears!!!
Now, technicaly in H4 timeframe we see that Bitcoin could be to experiment a reversal of the price, so we need to be cautelous of htis chartist pattern called a bearish flag hide, because this chartist pattern it's happen when the price doesn't have force and then, make a stopped of the trend becase the price doesn't have the force to continue up. I mark in the blue zone that Bitcoin show a possible reversal, becuase it's could be to turn in short position to find down. Because we found out a 2 doji indecision of hte market and the price it's could be manipulated, and we see a series of candlestick of indecision, also the previously past candlestick was formed a bearish signal of this kind of doji libelula, that turn that bought dont't have demand yet.
So, I closed up the long position in Litecoin and Ethereum right now and I beleive that this crypto needs a updated!!!
Now, technicaly in H4 timeframe we see that Bitcoin could be to experiment a reversal of the price, so we need to be cautelous of htis chartist pattern called a bearish flag hide, because this chartist pattern it's happen when the price doesn't have force and then, make a stopped of the trend becase the price doesn't have the force to continue up. I mark in the blue zone that Bitcoin show a possible reversal, becuase it's could be to turn in short position to find down. Because we found out a 2 doji indecision of hte market and the price it's could be manipulated, and we see a series of candlestick of indecision, also the previously past candlestick was formed a bearish signal of this kind of doji libelula, that turn that bought dont't have demand yet.
So, I closed up the long position in Litecoin and Ethereum right now and I beleive that this crypto needs a updated!!!
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