Bitcoin price rebound after correctionWe expect the price to rise if it breaks the 47000 area to reach the next levels
level one 51000.
Second Level 59000.
Betchcoin
BTCUSD - something f*cky?Ascending wedge on chart - breakout above obviously. Play outside the playground for best results and least regrets.
Dips continue to be bought in tightening consolidationAnalysis on chart. Double top originally anticipated to be a H&S pattern may turn out to be a bullish double bottom pattern as well.
Play both ways - double top is not negated yet. Get OUT of the consolidation zone (or play the range here @ crypto-vegas).
Bear Trap turned into Bull TrapClear areas of support were marked in previous charts. Failing to adhere to stop-losses would have resulted in significant losses (20%+).
Falling out of the orange RSI line was the first warning sign. Falling right through the "consolidation" zone and into "...bears..." was your second warning sign. While bulls have a last-ditch effort before "...lots of bears..." you should have been well out of this AT LEAST $1,000 points ago.
Everything looks pretty horrible now with a clear M-top (double top) both on price and RSI. Inverted head and shoulder pattern that everybody talked about clearly failed as the neckline held as resistance.
Sorry folks - as bullish as you want to be, the market will be the market. Those that followed me b/c I saw some bullish signals (as did everyone else) but failed to see the clear bear-zones that were marked only have themselves to blame.
Good luck all.
False break-down "Beartrap" Coming-Right-UpNeckline established on the last daily candle. Price squeezing in a close juncture here at an important fib-level.
What will be brilliant is if price breaks the blue trendline downwards and quickly reverses, trapping bears. The reason this might happen is that breaking the trendline on price will not necessarily break RSI trendline. RSI trendline established strong support and current price action with SOME consolidation is actually constructive. I'm expecting a 100% to 61.8% retrace from the last 4 days action between ~10,200 and 10700.
Hold the established "Bull-line" on RSI and continue upward. Buy the dip.
However, keep in mind, a close below "Bull-line" will be bad news for bulls.
Target remains 15k.
BTC - ABCD pattern - 1st target 15kABCD parttern playing out on BTC- break-out confirmed. See identical RSI line established. Breaking orange RSI line would mean consolidation. Holding green RSI line to maintain medium-term bull run. Good luck mates.
RSI Bull-line is exact same angle for all previous RIPPPSRIP RIP RIP RIP RIPPP To the f*cking moon.
Break above 11800 would be incredible.
