You know I've been looking at the bitcoine bear since the beginning. With this flood I will tell you about the decline of BTC by TA
First of all, let's start from the beginning.
Price: 20K
If the price has risen from 16K to 20K, the indicators are watching down. Inconsistency.
The details are visual.
Price: 11.3K
This time the BTC continues to bull market 3 times by touching the bottom of the cloud this time, signaling the beginning of the bear market.
The details are visual.
Price: 10K
The BTC, which has already been touched 4 times and continues to be bull market, is going down to 100MA this time, giving the bear market signal 3.
The details are visual.
Price: 8.9K
The BTC, which has already been touched 8 times and continues to bull market, is going down to 100 EMA this time, giving the bear market 4. signal.
The details are visual.
Price: 8.9K
This time btc, which has been touching the bull market 7 times before, breaks down the historical support and signals the bear market.
The details are visual.
Price: 8K
The BTC, which has already been touched 8 times and continues to bull market, signals this bear market 6. by going below 50EMA on the 3-day chart.
The details are visual.
Price: 8.6K - LAST SITUATION
We see that BTC last made it in the 7th month of 2014-the price drops below the cloud.
The details are visual.
Price: 3K - POSSIBLE CASE
I think it would be unconventional, but the $ BTC falls under the ichimoku cloud on the weekly chart.
The details are visual.
This flood is about the market. It should not be seen as investment advice. According to the graphics and comments on this flood, it should not be bought. There is always a chance of a mistake.
Into the pictures we made in the detailed narration for our Turkish readers
Thank you.
