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 May 15, 2022

#ETHUSDT 2H Chart

#ETHUSDT 2H Chart Ethereum / TetherUS BINANCE:ETHUSDT saviour25 Price is also consolidating between the 2h demand and the 3h breaker zone. MACD is not showing clear indications, RSI and EMAs are both neutral. It needs […]

Trading View March 1, 2022

LUNAUSDT (Long)

LUNAUSDT (Long) Luna / TetherUS BINANCE:LUNAUSDT I_M_Shoaib LUNAUSDT in an upward trend and bounced off strong weekly support zone Long Entry at 89.77 Take Profit at 94.34 Stop loss at 86.09 Risk/reward ratio of 1:1.32

Trading View March 25, 2022

AKROUSDT – SETUP

AKROUSDT – SETUP AKRO / TetherUS BINANCE:AKROUSDT JustTradeSignals AKROUSDT price is lying at a critical support zone and bulls can create an upside surge in near future and price may rise aggressively. So keep accumulating […]