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Private Trading

Educational Chart

August 2019

BTC Set to End Its Bull Run
A Brief Analysis

Published 10 August 2019

BTC Set To End Its Bull Run - August 2019

Chart published on Trading View.

BTC/USDT looks set to end its bull run with a candlestick at a lower volume along with other signs (RSI, MACD, etc.).

I expect it will be flattish over the next few days followed by a downturn. This could turn into a massive bearish trend if it swings down.

Currently, it’s in a great position for intra-day high/low trading. T
he lower volume candlestick could change today if volume picks up. At the time of writing, TA doesn’t indicate this will happen, but we are talking bitcoin here.

 

 

Update 17 August 2019

I guess I was right again. 🙂

The target(s) and/or pattern(s) on this chart is only theory and not a trade signal of any kind. Always do your own research before trading.

Past performance isn’t an indicator of future performance.