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Bitcoin Technical Analysis: BTC Is On The Verge Of A Big Move (June 2020)
Bitcoin has been confusing traders lately especially over the weekend with a โlack of directionโ. This is how many retail traders saw it but we saw this coming and talked about it last Friday before it all happened. We predicted that the market makers and whales would print an Inverted Head and Shoulders formation for retail bulls to trap them in before the major decline and so it happened. The 4H chart for BTC/USD shows how this formation was similar to what we have seen before.
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Today’s video was created using Crypto Daily Charts.
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As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies โ when and at what prices to buy and sell cryptocurrencies.
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CRDT.io
Introducing CRDT! On May 15th 2020 we released our very own revolutionary IEO to the world. Complete with its own unique benefits and features, CRDT is on course to change the crypto-verse as we know it. Make sure you stay tuned to our official Telegram channel for all the latest news and updates and keep up to date with the community and interact with fellow CRDT investors using our community channel here
To find out more about our new token, head to
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โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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