Hello to the large community of traders,
I believe correction will happen and if you check my last analysis you will notice. Lets see what has happened and what will happen.
( 1 ) Bitcoin broke his long term trend line 26 JULY 2020.
( 2 ) After break out price made a cup pattern type and then has created nice uptrend line ( validation ).
( 3 ) Price has gone up and passed his last high which was at top of cup pattern.
( 4 ) Now the same story will happen. Bitcoin will complete this cup and then it will break it for uptrend.
RSI: It may go down for rest and after touching it will go up besides our chart.
STOCHASTIC: The same story is now happening in stochastic too. If you look at it you will understand.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
I believe correction will happen and if you check my last analysis you will notice. Lets see what has happened and what will happen.
( 1 ) Bitcoin broke his long term trend line 26 JULY 2020.
( 2 ) After break out price made a cup pattern type and then has created nice uptrend line ( validation ).
( 3 ) Price has gone up and passed his last high which was at top of cup pattern.
( 4 ) Now the same story will happen. Bitcoin will complete this cup and then it will break it for uptrend.
RSI: It may go down for rest and after touching it will go up besides our chart.
STOCHASTIC: The same story is now happening in stochastic too. If you look at it you will understand.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
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