I had wrongly predicted that this counter-trend rally would turn around before $7000; however, I still do not see this move as a primary trend reversal, unless we break above the $7250-$7500 level, which I do not foresee happening. On this chart you can see 8 different price targets for shorting BTC, from the most cautious retracement to the full retrace. I have...
Updated last wick and downtrend channel. Expect another 2 waves and start of downtrend. For entry wait indicators confirmation (RSI/MACD /Volume), and that channel/resistance is not broken. Possibility that BTC price BITFINEX:BTCUSD may go to 7250$/7300$ as Vpvr indicates, but not cross 7450$, otherwise idea is invalid. If not it will remain close to...
Looks like a continuation pattern is forming for btc. Since the initial move up came in an ABC form with RSI not even going above 70 we can assume we have not changed trend and the triangle will most likely break to the downside. The volume is also slowly decreasing indicating we are clearly consolidating. The rising channel is about to break so expect a touch on...
Bought at .00121000 1st Target .0013300-.0013500 sats 2nd Target .0014260-.001500 sats We need more increase in volume for Target 2
Provided $BTC holds downtrend channel, expect to fill order between 7100-7200$ optimal (7050$-7250$ wide range) with stop above higher resistance/ Vvpr high point. Expect Volume and RSI to help confirmation. Short until above main support (5850$), at 6050$-6000$ for emotional price support. If $BTC breaks channel wait for possible sideways movement and test of...
BTSUSD Short 7200 max price, after will stay a bit in of range 6500 to 7000. Until it will brake support and go below 6500. Next step... we will see)
This is just a healthy correction similar to those we have seen multiple times in BTC's history. I will be setting buy orders at 2500-3100. If you want to cast a wider net you can expand your range to upper limit of 3450 and lower limit to 2000. I believe that after we reach these levels, bitcoin will consolidate sideways for a while and then moon to new all...
As the title says, "fun is over" but mostly it depends on where you want BTC to go. Bears will have fun, Bulls likely not. There is no moon here, at most you can si back on the ground, it all depends on how you get back to mother earth. Will you fall down from the top or will you just land safely? We are in a downtrend and I've been telling you so consistently....
BTC still looking like its stuck in a downward trend. In between to channels going down. Looking promising of some sideways movement here soon after making a higher bottom (6.4k) than our last (6k) bottom
the t line and 50ma just couldn't hold and we have a bearish breakdown of the descending triangle it appears.....althugh there's a chance it could still find a way to crawl bak up inside the triangle for a fake breakout before this current candle closes in the next 3 and a half hours...the probability is low considering how far the last candle fell and how much...
Short-term analysis of the movement of BTC. In the mid-term analysis there is a high probability of price movement to the top, but do not miss the small corrections? We observe the STOCHASTIC divergence with the signal in a short position (K punched D down, a hook is formed from the K line). When forming the hook, there will be no superfluous confirmation of the...
Below is a simple chart showing what I believe to be our course for the next few weeks. We are currently at a point that we will not come back to ($7325) without seeing sub 5K levels FIRST. Below is a simple 5 wave "ending diagonal" as it is referred to in EW terms. It is also known as a "falling wedge". The idea of this pattern is that as we near the apex,...
Light Blue - Speculation Channel - Not sure about this yet. Gray Blue - Speculation Channel - Not sure about this yet. Red - Major downtrend channel - confirmed multiple times already - It should by all accounts retest this line in the near future.
Hello all, if you like this chart please give a like! I am trying to build rep and I am sad when I can't comment on any posts. Still no signs of a reversal Every High Volume Buy is met with a greater sell Downward Trendlines converge near $2700 Support level! If $7100 support is not restablished, next support level is ~$5900 then $4700 then $2700
Please refer to my previous chart. It is self explanatory. You can apply that to ETH, LTC, NEO, etc., as their trends are pegged to BTC with limited intraday deviations. WINTER HAS COME. DON'T TRUST ME.
Not looking good folks..we can see a bearflag that has been forming on the 4hr for awhile is threatening to break bearishly....you can see the projection of that drop would send us all the way under to the grey ascending trendline which bounced us back up from our biggest low of the year and hasn't been encountered for over a month since that time. It has made...
the lack of buy volume coupled with some conveniently timed twitter-ban FUD contributed to BTC's recent fall. the next week is crucial in deciding the next month or two imho. while bitcoin is looking bearish in the short term, there's a decent chance we have a rally toward the end of the week, since bulls need to close on or above **$8200** for any chance of...
We may find support beforehand, but this is my play. R/R not ideal.