BitcoinUpdated Very neutral BTC price - calm before the storm
1D RSI - is still in the channel, riding it downwards:
1D Stoch - same as RSI, oscillating right in the middle, with the fast stoch pointing upwards, and slow stoch downwards:
1D Stochastic RSI - shows exhaustion, looks bearish:
1D MACD - Very neutral, but broke a channel previously formed:
1D CMF - Pretty bearish, broke a channel we previously formed:
3D RSI - broke out the channel we've been forming since July:
3D Stoch - Broke the channel we've been forming since August, but very shy, with the fast stoch pointing downwards and signaling a sell:
3D Stochastic RSI - couldn't break the channel, we're riding the top, looking pretty bearish for me:
3D MACD - Looks like jackshit, still in the same channel, pretty neutral, but both fast and slow MA's are pointing slightly upwards:
3D CMF - broke several resistance channels formed throughout the year, now closing to a possible support
1W Stoch - couldn't get more bearish than this honestly:
1W RSI - Broke the channel we've been forming since July!
1W Stoch RSI - Still in the channel since May
1W CMF - Looks bullish, but could find resistance here!
1W BBW - THIS WEEKLY CANDLE WILL CLOSE SOON AND PUSH THE BB's EVEN LOWER THAN IT IS RIGHT NOW! IT'S A SIGN THAT WE ARE APPROACHING A VERY VERY VIOLENT MOVE SOON!!!
1W Overall view - This weekly candle looks like total shit if it closes like this!
Longs vs Shorts - Longs are trying to go up a bit:
1D Stoch - same as RSI, oscillating right in the middle, with the fast stoch pointing upwards, and slow stoch downwards:
1D Stochastic RSI - shows exhaustion, looks bearish:
1D MACD - Very neutral, but broke a channel previously formed:
1D CMF - Pretty bearish, broke a channel we previously formed:
3D RSI - broke out the channel we've been forming since July:
3D Stoch - Broke the channel we've been forming since August, but very shy, with the fast stoch pointing downwards and signaling a sell:
3D Stochastic RSI - couldn't break the channel, we're riding the top, looking pretty bearish for me:
3D MACD - Looks like jackshit, still in the same channel, pretty neutral, but both fast and slow MA's are pointing slightly upwards:
3D CMF - broke several resistance channels formed throughout the year, now closing to a possible support
1W Stoch - couldn't get more bearish than this honestly:
1W RSI - Broke the channel we've been forming since July!
1W Stoch RSI - Still in the channel since May
1W CMF - Looks bullish, but could find resistance here!
1W BBW - THIS WEEKLY CANDLE WILL CLOSE SOON AND PUSH THE BB's EVEN LOWER THAN IT IS RIGHT NOW! IT'S A SIGN THAT WE ARE APPROACHING A VERY VERY VIOLENT MOVE SOON!!!
1W Overall view - This weekly candle looks like total shit if it closes like this!
Longs vs Shorts - Longs are trying to go up a bit:
Note
As you guys probably already know, a change of trend happens from inside-out. So if we manage to break that RSI trend and close above it on Daily, we might kickstart BTC to form a new high on one of my targets from the first post.I have the same targets as I had one week ago:
Short term targets:
For bulls:
Most likely: 6520 to 6550
Then: 6610 to 6635
6745 to 6830
Extremely unlikely: 7350 to 7380
For bears:
Most likely: 6350 to 6280
Then: 6200 to 6150
Ultimate meltdown target: 6070 to 5940
I also have my stoploss set on Bitstamp to liquidate half of my BTC at 6350 and half at 6250.
Note
First bullish OB hit @ 6209
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