Beautiful shooting star indicating end of the bounce with Stoch rsi confirmation indicating buy power exhaustion. We will retest 6k possibly forming a double bottom or just heading straight to 4k support.
@OzzySalas, Are you aware of the weekly MACD? I don't care if you trade Forex, Stocks or Crypto, nothing is invincible to stay up that high nor stay above an Ichimoku cloud it will have its time to go down. Same way the MACD got up there it can surely go back down at which would result a bloody carnage on the market.Taking a look at it now, it has already crossed and is currently going downwards. With panic and fear, and all the negative media, BTC could reach 700 bucks at a parabolic rate just how it went parabolic upwards. What I'm saying may be absurd to you but people were considered 'insane' when people called out that btc would go on a parabolic run to just 10k when it was 700 bucks, look what happened, it hit TWENTY-THOUSAND-DOLLARS. People are greedy and move a new bullish target afterwards every single time btc breaks a new ATH. What happens after BTC hits a NEW ATH? 30k? after that what is it 100k then 1mil? It needs to go down after a crazy year man.
@tippy305, yes bro, but no go to down like yo talk. first go to +8K again and AFTER go to 5.1K this is the next correction. but i know that de correction is not finish. but the people can win much money if follow the chart.but in the rebounds you can make a lot of money.
@mdillonaire, Don't have to since its just so obvious with SIMPLE fundamentals, who said we were out of the bear market yet? Hope you realize we went from 700 dollars to 20k in a year, bear market could be FAR from ending. Well see in 24 hrs how I was right :D