BTC to 15.9k ?after breaking out of flag like pattern bitcoin saw massive decline to 18.5k after that we saw a rally which retested the previous support and now it's resistance.
after cpi data we saw massive decline thus which started bearish rally.
i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k
bulls are clearly not in control at the moment
16k
16k Bitcoin soonBitcoin has been falling in a similar pattern for several weeks. If Bitcoin breaks the 19k barrier, we could be facing a similar event, with patterns similar to the previous ones. Py cycle bottom has already intersected, so this could be another indication that we are close to a macro bottom.
A simple weekly bull flag to 16kIf this breakout is confirmed on the weekly then the target is 16k...in addition to this simple bull flag on the weekly chart we also just broke above the neckline of a weekly inverse head and shoulders pattern too which has a similar breakout target I will show that in a separate idea. Based on the volume we got today I have a feeling we will see a solid volume confirmation of the breakout on the weekly soon enough as well. This breakout is not 100% confirmed on the weekly yet but judging by the volume on the 1 day chart it is much more likely at this point to be a validated breakout than a fakeout.
BTCUSD SELLMy bias is SELL BTCUSD,
The consolidation period is nearly over, the MAs are widening out for stronger price action. Breaking out of the two resistance levels we have marked out. "BTCUSD to 5K" Says CRYPTOWZRD, I am with this bias however i think we should take it one step at a time, so i shall be shorting bitcoin to 6.4K. With a stop loss slightly higher than normal to allow wick fishing. The fed reserve did a speech yesterday which rose the price up slightly, still within our two resistance levels. Will this consolidation continue to the end of 2019 before the big bullish run up to 16k? Or will BTC fall into the waters before a huge bull run? Will the resistance even be broken? We shall see over the commencing weeks.
16K in play now! BullishI think getting you’re feet wet above this support is a good deal be, don’t wait 16k is in play now.
Possible scenarios:
We go back to $8500 to close the CME gap, but that’s even looking slim now, the 20MA day support has broken 9k.
16k in play we above 50MA & 20MA and 21 & 55 EMA day supports a bullish move to 11.2k would make a 20MA cross over the 50MA. If so the 3 wave usually goes pass the 1st wave of a bull run correction.
BTC/USD: 16k remains - don't overcomplicate itFilter out the noise and don't overcomplicate things. Act rational.
As for now this is just a liquidity grab at weekly OB bottom-close.
12H shows a set of Higher-Highs/Higher-Lows and a 200-EMA rejection (see update-section)
Weekly close above 11560 will shoot us to 16.1k. To achieve that I wanna see a solid weekly close today, preferably above 10590.
If price doesn't manage to hold 9.1k I'd aim for 8.8k - 8570 - 8k. A fast reversal would be needed then, otherwise it would look too much like 2018.