Jesus does it ever end? Lets bottom out folks. I call a repeated pattern that BTC LOVES recently. Once again another inverse head and shoulders weak support for another push up to 10,200-10,800. I dont see much buy support and btc STILL looking for a solid BOTTOM.
See the purple circles, history repeating itself, Cash Is King. Here we see a classic ABC pattern formed where we have seen trend advance down, we pulled back, now we shall continue. We have seen this last time nothing has changed. You will see below part 1 of this post where we had an analysis on $6000 and showed the last drop to this drop, this is still in...
There was a small pulse are unable to take the level of 9600. The downtrend is resumed. Very sad pattern appears in the diaries 4 hours also do not inspire confidence. Support levels are visible on the chart.
Disclaimer: ___________________________________________________________________ Let me start with saying that I am a nobody. Highschool dropout. Worked maybe 3 years out of my now mid adult life. Spent to much time online. Mental health issues. I don't trust me. So you shouldn't either. With that...
Is our next target $8,000? We shall find out soon...
The support just isn't there.. Looks like 10k is basically confirmed now :/
We have found a great deal of resistance a number of times now at $11,700 and everyone is on the fence about deepening any more positions regardless of been long or short. The trading range feels like it should be playing between $11,700 - $8300. Transaction volume is at a 2 year low. Won't take much to pull the carpet from under btc's feet. Target 10k and I'll...
What we're seeing yet again these past few days is healthy price action. I've been calling the ranges since the major market correction early Jan, here we are in March and since I have been finding success short term trading strategy I wanted to share to hopefully help people who are diligently looking for a break. After falling victim to the over saturated market...
This BCH chart perfectly shows how the price respected the previous structure multiple times. The resistance level is found around $1300, which is rounded number and we see the price bounce back and go down every time it touched that level. Thus, it is more likely it will do again, because sell orders are usually placed at key levels like this. Time to go short - sell.
Shorting BTC is tricky. This is the type of setup I usually look for when shorting. I prefer to wait for previous support tested before heading downwards. Good luck.
Just noticed some patterns which leads me to believe the final leg all the shorters have been waiting for, has finally been confirmed.
So it's either up or down. Make up your mind please COINBASE:BTCUSD