Bitcoin showing breakout from falling wedge. But what we hate from BTC breakouts — they often Fake (like many analyst here, hh), so keep this in mind when placing orders.
Boring Bitcoin Analysis Pt.1 you can find here:
Bitcoin Elliot Waves analysis here:
Market Cap showing interesting setup, and market relief very soon, you can check it below:
Good luck, have fun!
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so cool
Bình luận
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Breaking; this analysis was shown on live stream two days ago
Breakout doesn’t necessarily mean it will reverse. It can just mean it’s entering an upper channel. Also, there’s a huge resistance and weekly trend is down. Just check the MACD, or Stoch RSI.
Take a look at these “breakouts”.
Anyways, thanks for your post :)
ArShevelev
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@Andbcoin, i see big bullish div on the way of descending wedge, and it gives more probability for upside move. plus EW and Macket Cap is showing upside directions.
Andbcoin
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@a.shevelev002, Yes, maybe it goes up, but I keep taking a look at the big picture. Anyways, in case it wants to go up, it needs to go down still in 4h chart and maybe in daily if 4h dump is extreme.
By the way, according to divergences, they normally work, but in a heavy downtrend, they sometimes fail. Well, they don’t fail, but the pump is, most of the time, ridiculous.
Take a look at this bullish divergence and see how you would’ve lost money if you’re a long-term trader.
Andbcoin
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@a.shevelev002, In the end, you were right :) Let’s see if it keeps going up or it finally goes down again.
Have a good day! ;)
achoCRYPTO
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I predicted the BTC breakout
Boon2
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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
what do you think ?