On this technical analysis, i want to see the H4 timeframe that we are in a descendent triangle with a possible to open a short. I put my order on this level aprroximattely in $8,803 USD and a SL in $8,987 USD. Now, there are an another situation that if I going to the H1 timeframe we see a Shoulder Head Shoulder in formation. And the RSI it's comming of the oversold in the past days, so this is a great indicator to a possible bearish trend soon on Bitcoin, don't worry, but, I calculated a drop of very biggest in Daily, while we are in the descendent triangle that this is like a consolidation of the price, so, the only I hope is that Bitcoin going to break down this chartist pattern and going to a huge sell. Now, in that case the shoulder Head Shulder may not to take in watch up. But, some important if the price doesn't resist the volume of Bitcoin to sell and buy, we can to see finally a Bitcoin moving to a short movement as represent below of this paragraph. Look in H1 and put your volume indicator how much Bitcoin in sell and buy
In daily zoom we see a Bitcoin to going to change the trend bullish to bearish in this zoom scenario.
But, if we see carefully, we are in oversold in daily, so, review of all technical analysis that I making of Bitcoin, comming soon we could to see a drop down of the price.
In daily zoom we see a Bitcoin to going to change the trend bullish to bearish in this zoom scenario.
But, if we see carefully, we are in oversold in daily, so, review of all technical analysis that I making of Bitcoin, comming soon we could to see a drop down of the price.
