Bitcoin is already in downtrend!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

rahamb

As you can see, there are some undeniable signs of a running downtrend:

1. first of all, the price chart crosses Bollinger’s moving average, which in all previous cycles leads to the continuation of the downtrend.
2. Bolinger lines “over-extended” downward, which according to previous cycles, indicates the end of the pump phase.
3. the time duration of RSI remaining in the over-bought area.

I’m waiting for bitcoin to reach between the 15k-20k range in the coming months.

You might be interested in …

Trading View March 25, 2022

Idea for Sandbox.

Idea for Sandbox. SAND / US Dollar (calculated by TradingView) BINANCE:SANDUSD King_Hustle_Grind Watch the description carefully.. Patience is the name of the game in crypto.. 50% of breakout attempts don’t survive.. so we need more […]

Trading View April 22, 2022

BITCOIN needs to hold $40296.71 as support. (15m chart)

Bitcoin needs to hold $40296.71 as support. (15m chart) Bitcoin / TetherUS BINANCE:BTCUSDT omlabarre BINANCE:BTCUSDT If Bitcoin does not want to fall even more it has to hold its support. The support is $40296.71.

Trading View February 27, 2022

Tick Tock, the clock is ticking⏰

Tick Tock, the clock is ticking⏰ Bitcoin / TetherUS BINANCE:BTCUSDT ArshiaZojaji Long Time Not See Folks 😉 Bitcoin TA here, I didn’t engage Fundamental news that are happening right now. A simple momentum meter is […]