Coinciding with the BTC.D chart I posted earlier is this chart on Bitcoin. It is hitting resistance as I type this on that megaphone pattern. Could this be broken to the upside? Yes. But what supports the idea that it won't is not only that bearish megaphone pattern but also the fact that we are also hitting resistance on that RSI chart. Now, pair that with the BTC dominance chart showing us a potential double-top on dominance and I feel that the greatest probability for Bitcoin over the next few days/weeks is sideways to down.
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Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。