Warning of the trend, because as Bitcoin is below of the EMA 200, we could see yet an another sell-off.
Now, in H4 timeframe we are turn in bearish scenario, and also in H1 we have the same situation, now we are into this ascendent triangle, this is not considerade a bullish pattern or accumulation because we are in the drop, and I'm not imagine that Bitcoin continue down.
Basically, why Bitcoin is go to down until the $9,000 USD as possible and exact target that Bitcoin need it?
Because as we see a strenghten of the U.S. Dollar as fundamental, Gold is an example, has a drop of more of 7% in this week based that Federal Reserve want's to buoy Chinnese bonds and want to make a U.S. stimulus to support the U.S. economic.
So, investor are buying U.S. Dollar, that is my own conclusion and opinion based in what we see in the trend markets!!!
Now, in H4 timeframe we are turn in bearish scenario, and also in H1 we have the same situation, now we are into this ascendent triangle, this is not considerade a bullish pattern or accumulation because we are in the drop, and I'm not imagine that Bitcoin continue down.
Basically, why Bitcoin is go to down until the $9,000 USD as possible and exact target that Bitcoin need it?
Because as we see a strenghten of the U.S. Dollar as fundamental, Gold is an example, has a drop of more of 7% in this week based that Federal Reserve want's to buoy Chinnese bonds and want to make a U.S. stimulus to support the U.S. economic.
So, investor are buying U.S. Dollar, that is my own conclusion and opinion based in what we see in the trend markets!!!
