There is no possibility that Bitcoin will make new highs until we see another free fall. This is what the structure is saying and the structure is always right!
Why does everyone immediately change their mind when Bitcoin rises by a few percent? Why is everyone so greedy? Please compare the upmove with the whole downmove. It's nothing! It is simply part of a correction.
I bet most of you will continue to have a bullish mind and I wish you the best of luck. I guarantee you will make a lot more losses in one night than you made profits, because a downmove usually happens much faster and is stronger than an upmove. You don't believe it? Then find out for yourself: Look at the chart and compare the upmoves with the downmoves.
A sign why the ''uptrend'' could be over again:
As you can see we have a breakout from the impulse and just wait for a confirmation. Once a flag is formed, what it looks like, it will go down far away.
Good luck.
Why does everyone immediately change their mind when Bitcoin rises by a few percent? Why is everyone so greedy? Please compare the upmove with the whole downmove. It's nothing! It is simply part of a correction.
I bet most of you will continue to have a bullish mind and I wish you the best of luck. I guarantee you will make a lot more losses in one night than you made profits, because a downmove usually happens much faster and is stronger than an upmove. You don't believe it? Then find out for yourself: Look at the chart and compare the upmoves with the downmoves.
A sign why the ''uptrend'' could be over again:
As you can see we have a breakout from the impulse and just wait for a confirmation. Once a flag is formed, what it looks like, it will go down far away.
Good luck.
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Boom.
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Sorry this wasn't the structure. Very likely that we are going to test $9000 before fall:
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There we are. Support at 8600 waiting for us.
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Where are the people who blamed me that we won't go down? These guys can go to the "top" authors. I see the next ideas coming:
"We are forming an inverse head and shoulders again."
"It never worked but this time it will!!!"
"We are forming an inverse head and shoulders again."
"It never worked but this time it will!!!"
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8600 broke. Next stop 8000-8200
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Yesterday I was looking for other structures after the pump, but everything is ok. Idea stays.
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By the way, Tradingview is full with inverse head and shoulders again as I mentioned haha and question to you: How often did the idea occur? Haha.