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Felix000

#crypto #bitcoin how bears win. Has anything changed ?

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Bitcoin (BITFINEX:BTCUSD)  
Felix000 Actualizado   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD btc_usd Bitcoin (Cryptocurrency) bitcointrading crypto cryptocurrencies
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These are patterns made up of consecutive Williams Fractal highs. See what happens when price falls below the pink square and when MACD closes below zero. I expected the market today would shoot up and down to a new low, and it hasn't happened. Not long left now.

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My analysis done using the chart of gold that we would see a lower low yesterday did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.

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The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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