AlanSantana

Bitcoin Peaks (What's The Similarity Here?)

BITSTAMP:BTCUSD   بتكوين
What similarities can you notice when looking at the Bitcoin Peaks?

Can you see it?

I am a Bitcoin and cryptocurrency bull, permabull as many would say...

But, here we have this chart, Bitcoin ( BTCUSD ) and even though so many people are bullish, I am still not convinced.

Not based on my imagination, but based on this chart and what I can see...
Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?

Lower highs.
Prices closing lower each time.

This is a bearish signal and a very strong one.
Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.

Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.

Namaste.

🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com

🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com

🔥 Lowest Prices Ever ➖ PREMIUM LIFETIME Access (Perfect Entry-Timing)
lamatrades.com (Since 2017)
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.