Updates: Bitcoin has trying of rejection of 4 trying!!! Beware!!
Hello guys, in this quickly technical analysis of Bitcoin, beware of what you see, this is a fake siganl to put in short in that moment for now. So, reccomend that change your chip, that is a bull signal, reccomend for now to discart my previously technical analysis, the signal to put in sell order limit is fake, let's me say you why Bitocin is prepared to go up.
In Daily timeframe we have a Bitcoin in this updates descedent channel, and that mean a Bitcoin so bearish in the midterm, also I put this purple circle to know the exacto point if you want to mark this bearish channel.
Now, in the H4 timeframe we see a formation so clearly of Shoulder Head Shoulder inverted, and that mean a bull signal into this bearish channel. Also, there are a possibility that Bitcoin reach at the $9,400 USD in the uppper zone of this trend line that have a set of bearish channel.
Now, in the H4 timeframe, we have this situation, while that we have the shoulder head shoulder inverted, we have a possible double top, and that mean that bull are strong, and we have this strong support in H4 timeframe, but if you see that below, we have 4 rejection of the price when between yesterday and today the price is trying to broke down the suppport 4 trying to break down, but the price is rejection and I mark this 4 rejection purple bubble that the price make.
That my frined, is all my technical analysis, now today I found out that Bitcoin is into this bearish channel, specially in H1 timeframe that expectative is so, but so strong and bullish.
I hope this technical analysis is support you!!!
In Daily timeframe we have a Bitcoin in this updates descedent channel, and that mean a Bitcoin so bearish in the midterm, also I put this purple circle to know the exacto point if you want to mark this bearish channel.
Now, in the H4 timeframe we see a formation so clearly of Shoulder Head Shoulder inverted, and that mean a bull signal into this bearish channel. Also, there are a possibility that Bitcoin reach at the $9,400 USD in the uppper zone of this trend line that have a set of bearish channel.
Now, in the H4 timeframe, we have this situation, while that we have the shoulder head shoulder inverted, we have a possible double top, and that mean that bull are strong, and we have this strong support in H4 timeframe, but if you see that below, we have 4 rejection of the price when between yesterday and today the price is trying to broke down the suppport 4 trying to break down, but the price is rejection and I mark this 4 rejection purple bubble that the price make.
That my frined, is all my technical analysis, now today I found out that Bitcoin is into this bearish channel, specially in H1 timeframe that expectative is so, but so strong and bullish.
I hope this technical analysis is support you!!!
