Potential Bitcoin Massive Correction Approaching, Be Vigilant!

20 במרץ 2023

Technically Bitcoin can potentially be in a suckers corrective expanded wave B rally within an expanded flat pattern. Technically Bitcoin can potentially correct in a sharp downward thrust in wave C down to $17,500ish, and still remain above the previous Bear Market downtrend line while still technically being in a New Bull Market! In my humble opinion!

22 במרץ 2023

עסקה פעילה

And Bitcoin SNAPS out of the Bearish Rising Wedge with a Sharp Downward Thrust! Be Vigilant, in my humble opinion.......
All the best!

25 במרץ 2023

עסקה פעילה

Bitcoin price snapped back to test prior rising wedge support and resumed back downwards a day ago. Price did not make a higher high.

Today BITSTAMP appears to have experienced some sort of price glitch. Price did not rise anywhere else as it appears to have done so on this chart today.

Furthermore, on the daily time frame price appears to be also forming a bearish Diamond Top reversal pattern. The daily candlestick gapped up on the open. Not by much but still gapped up. That candlestick is called a Dark Cloud Cover which also suggests and indicates a potential reversal.

Odds are stacking up in favor of a reversal to the downside. As far as I'm concerned the reversal has already occurred due to snapping out of the rising wedge with a sharp thrust, testing the breakout, and then resuming to the downside. In my humble opinion.
All the best!