Updated

boring side-way movement about to end approachin buy opportunity

Ok guys, so the market has been stable for a very long time now! as you can see from the 15 minute chart, even after forming a pennant and breaking that sideways channel (as predicted by my analysis yesterday) we just dropped right back. This means that a full upward correction will NOT be achieved unless we fully retrace to 6830.
another drop to 6900 is coming in an hour or two... there is a high possibility that due to the double bottom formation, it will rebound and keep trading inside that parallel channel for a while! so i will buy at 6910 and sell at 7020 first. As market looks like it will be stable for a while longer

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we still need more time to drop the RSI on the daily chart a wbit to form a bullish divergence and start our up-trend up to 7300.
As we can see from the chart.
Also, volatility is increasing on the daily chart, so we're getting there..

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Ok so i've been doodling for a bit, and i think i know now when we will finally fully retrace to 6810..
As you can see from this beautiful chart, we are most likely to hit a double bottom in an hour or so, but the rebound will be smaller.. target around 6950!!
Then we will hit the 200 ema and 50 ema resistances and fall to 6810. the reason why i'm saying that is because the price has been following this exact pattern for quite some time now.. we slowly go up, then hit the resistances and fall again... but as you can see from the chart, this will take some time. that dark blue trendline i drew is a projection of the ema's... according to that, we will hit the bottom on 8/7/2018 at around 9 am UTC +2.. or in about 14 hours to be precise..
The reason this fall took that long is because the 200 EMA or as i like to call it (the boss) (green line) hasn't arrived yet. But once it touches the price, thats when it will push it down.. so far price has been fluctuating around 20 and 50 ema.

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IS THIS IT ?

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IT'S REFUSING TO TOUCH THE GODDAMN LINE...
insane bullish hammer!! i'm still not being now though. waiting for specific signals

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the bullish hammer isn't convincing enough. i dont recommend buying now! its base is too small.
Also, as long aas we are inside this triangle, dont buy. wait for breakout... if price passes 6950 in the next 30 minutes then next stop has to be 7300.. But i personally trust my analysis more to fomo this shit.. it will drop now to 6810 :) Hopefully!

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ladies and gentlemen, bullish divergence confirmed.... its show time!

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if this breakout doesn't take us to 7300, then our next entry point will be lower... so instead of 6800, it will be ~6700

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bullish flag on 5 min chart. if it succeeds and breaks 6940 and 200ema (in black), then next stop is 7300.

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keep in mind, as seen in BBW... volatility is very high right now, so when the break happens in either direction, it will be QUICK

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seems like my initial idea of a breakout happening in 19 hours is still the one in play!
the flag broke out successfully but quickly fell right back and price is still within the flag! So i'm guessing this flag doesn't mean anything.
I think people are too excited, so whenever we make a new low they just buy like crazy and bounce the price right up!
first low was 6953, then 6884, then 6840!! we're moving very slow... and even though this ruins the perfect allignment of the fibb in the 15 min chart with the 50ma support on the daily chart, i'm starting to feel this won't have a serious effect on the bounce anyway

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I don't know where the market is heading right now... people's fomos can be LETHAL.. But i'll force myself to wait this out.. price is going up too slowly, so i really believe we'll still drop to 6750-6800 before we reach that 7300. i'll try to search for some signs..

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i just found something to back up my claim.
As you can see from the chart, whenever price forms a wedge, it just breaks upward, escapes the horizontal channel for a while, then dropped right back in, forming a lower low.. That happened again yesterday, the two blue lines were the wedge, the price broke it, escaped the horizontal channel, and is now on its way right back down.. ALSO, after the first break out, the price was trying to find support at the three ema's "Look at the first yellow circle""(20.50.200), but it eventually failed... in a while this should start happening now.. In other words, i identified a fractal, if it happens, i'll buy at the new low, i don't care if it's my 6800 target or not, it'll go up afterwards either way.
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So, things to watch out for right now are:
1)price should not break 7112 and create a higher high (unless its a fake break out)
2) price should drop into the horizontal and the downtrend channels any time now to confirm my 3 day-old analysis.

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Also, this chart is really important in my opinion.. we formed a head and shoulder successfully, and now formed a bull flag. but we have over head resistance from previous high.. if we break that this confirms that the low was 6850. We are currently dropping slightly to test the supports.
Personally i'm hoping the fractal works and the overhead resistance pushes us down, because this is the scenario that makes SENSE..

the red line is the 20ma. if it succeeds as support, this confirms the uptrend.. so keep an eye on it.

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bull flag succeeded, wait for 7160 confirmation to buy. this indicates a break of overhead resistance. According to my theory, the 7153 price we reached should be our high. lets hope im right... I really don't want to miss the rally!

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first fail to pass resistance :). now a test of 20EMA support is incoming.... (the red line)

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moment of truth!!!!!!!1

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in 13 minutes, if price isn't above 7075, then i was right just as i expected :)
we just closed a candle BELOW 20ema in 15 min chart... but i like to wait till two candles close below just to be sure..

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MACD reached local minima and 20 EMA is still support... people are really trying to keep this uptrend going! The healthier option for the market right now is to drop.. lets see what they'll do

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please leave alike

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potential

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just like that. Another beautiful call from abdallah. congrats for everyone that followed my TA. a rebound will happen if we break this bear flag. otherwise, this might be it.. this might be our final stop before 6750

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target reached

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support at 6700-6650. lets see how long it will take to start the long anticipated uptrend

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AWFUL news, bitcoin etf got delayed AGAIN... lets hope this has no significant effect!

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technical analysis is valid assuming no outside influence. With the bad news, i don't know how hard it will effect us. i have outlined possible support zone back from 7/17/2018. price is within that zone, and bear flag is forming. if bear flag works, next stop is 6550.

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looks like news aren't affecting price as much :) Thank god! i bought at 6770...bear flag just got invalidated thankfully!
but i will keep a close eye on this market.. this a very tense moment.

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PEOPLE PLEASE BUY.. THIS IS TORTURE. people won't seem to realize if this rebound fails... we can forget about 7800, and this shit will get dumped like garbage. it's taking too long to drop, so this means bear flag is cancelled thankfully! now we need to maintain price between 6750 and 6800 to confirm uptrend.

abdallah1234

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abdallah1234