I'm not predicting shit, I'm just right. Suck it.
1.) The Daily RSI hasn't been retested for divergence 2.) We bounced from 7050 without a retest 3.) there is still room to fall within this symmetrical triangle 4.) Low volume push I'll be shorting in this general area
Check the chart for text! Expecting some quick and heavy pullback
- Price near resistance of price channel - Hidden Bearish Divergence showed on RSI and MACD - MACD cross near - Stochastics on top
Bitcoin is forming a leading 1st wave diagonal/bearish rising wedge. At the moment btc is finishing the 5th wave, RSI is long steam and MACD histogram is downticking. Good play for a short target would be around the 0.382-0.5 fib level. Short play 3.65% gain R:R of 2.97.
There will be a small correction to 7290. I expect this scenario in 90 min from now.
Still looking for the bottom.. Have we found it finally??
4 Hr chart is VERY bearish. Approaching 50 and 100 MA all indicators are pointing South
Made this Chart before it reached 'D'. Wanted to upload it but at the time there was some problems with the upload, so i let it. On my previous Chart: Target 1 and Target 2 reached. So Target 3 would be 11k. This can still happen but i also think, it could also touch 'E' on the new Chart. If we break the 7390 (Target 2 on my previous Chart) i think we will go...
Hi everyone! I just started trading about 5 months ago. Please feel free to critique my idea! I will try to absorb knowledge like a sponge absorbs water. Thanks everyone!
We can clearly see a Cup and Handle formation. When we look at the historical data we can see that BTC had massive gains after 20 days on average from Blockchain Consensus. June 6 will be the 20th day so we should pay attention to this date. I think we will see 78xx before the bull season.
Looking at a very long term trend. Could all the "bearish bores" be right? Please don't let Tony Vase be right :-(
BTC price broke the support around 9150 and is now in the void. It will probably bounce one last time before going down in the next days... not easy to say where the bottom will be. One possible support could be around 7400.
Descending triangles are bearish patterns, with a breakdown followed by retest, followed by an increasing volume downtrend. The current pattern is a descending triangle targeting $8057 which is also the 6hr Cloud bottom roughly. Looking for a high volume breakout downward, retest of broken support at 8850 with confirmed candle close followed by a retest on...
Volume The increase in sales volume is a bad sign. also , the trend line was broken with the big volume. Support in case of the continuation of the movement , i have indicated the possible support levels