Bitcoin: The Mathematics of a Crash.
Hi traders, let's have some maths fun.
Here we go.
Bearish Divergence on the weekly (in blue).
+ Weekly Stoch RSI (in yellow).
The StochRSI has started to cross under on the weekly which historically has been a very reliable indicator of impending bearish move.
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+ Bearish Descending Triangle.
According to Bulkowski those have a 64% chance of moving down.
+ Bearish Divergence on the hourly.
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Same principle as for the weekly, just on a smaller time frame.
= Samuel L. Jackson.
See you on the other side.
Until then,
FØx.
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May the FØx be with you.
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by F0x
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So.. we're about to drop and touch the peak from before the China FUD in 2017? Most of the analysts on Tradingview are bullish on this situation, calling it the final low.
Carry on! 😄
All I can say is that my bias is bearish for the short term, I do believe Bitcoin will ramp its way back up in Q1 2019 though
Great article, @tradealert!
Thanks @surikowstepanuk