hello everyone.
Due to the following reasons, I predict downtrend of Bitcoin in longterm :
1- from march to august unlike sept to march According to the price action point of view, the candles have weakened( size and number of green candles )
2- the february is a gap candle because we hadnt any rest on those zone. therefore we need a powerfull pullback for fill the gap.
3- price has a long distance from Ma 20 , 50 ,100 . therefore probably we will move to near it.
4- the k has broken d down int Stochastic RSI and line 80 is broken by two lines. although we havent arive to 50 yet but we arent above the 80 line too.
5- bollinger band shows us that we are in the top of the zone. therefore it is possible that we are going to at least middle zone.( around 42000 $)
6- Mfi shows us that price has moved under 80.( like stochastic rsi)
7- fibo shows us that we can goes to 49 and then 43.
best regards...
I am waiting for your comments.
Due to the following reasons, I predict downtrend of Bitcoin in longterm :
1- from march to august unlike sept to march According to the price action point of view, the candles have weakened( size and number of green candles )
2- the february is a gap candle because we hadnt any rest on those zone. therefore we need a powerfull pullback for fill the gap.
3- price has a long distance from Ma 20 , 50 ,100 . therefore probably we will move to near it.
4- the k has broken d down int Stochastic RSI and line 80 is broken by two lines. although we havent arive to 50 yet but we arent above the 80 line too.
5- bollinger band shows us that we are in the top of the zone. therefore it is possible that we are going to at least middle zone.( around 42000 $)
6- Mfi shows us that price has moved under 80.( like stochastic rsi)
7- fibo shows us that we can goes to 49 and then 43.
best regards...
I am waiting for your comments.
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