Two days ago, bitcoin was moving at a speed that was extremely fast. It was from 19460 to 23698. Many people have celebrated, including prize pool winners, by participating in it as a prediction game at CoinMarkeCap. Congratulations. I myself was involved but the prediction was wrong.
THE HANGING MAN candle appears top up, which is part of the signal that Bitcoin is going down. RSI(14) closes above 90 (overbought) as we see here in timeframe h4. It is possible that the position should have been closed as I ordered a BUY position. It is also part of the signal that I should enter SELL. Yes indeed it is; because now RSI period 14 is around 70(H4 timeframe).
In timeframe H1, it is clear that it has entered the normalization zone, the RSI Period style 14 which is between 30,50. The MA30 is above the market, the Ichimoku Kinko Hyo Tenkan-sen, the Kijun-sen have crossed and are already above the market as well.
If we keep an eye on the 30-minute timeframe and by using indicator trend Ichimoku, it is clear that BITCOIN MOVEMENT is under SSA and SSB.
Well, according to my personal analysis, Bitcoin will make a pullback by going down between 21494 and 20997.
However, we are in the bull trend market, there has been a -1% decline in 24. so shorten the entry is possible to make fast money. It is not fair to enter a position on this correction by Bitcoin but rather wait for it to signal that it should rise again. At that point you re-position and I am sure you will get a lot. Once this correction is finished, Bitcoin may rise again from this 21490 to 26000 again.
This is my prediction for this day December 18th, 2020. If you like my prediction, follow me and give a thumb up.
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