At this Crossroad the Signs are Clear. Bearish signs every where and the Bull has landed in unchartered territory. The Big picture shows us the BEARISH WEDGE which would indicate an eventual downward decline at the break. Looking at Buying Pressure and Volume doesnt seem likely of an upward push at this time and point as I write this. The Micro Sign at the 3...
PULL OUT A LOT OF PEOPLE WILL BUYY SUB 6K
Bitcoin is experiencing days of instability, we can be in a good area of purchase for this timeframe aiming at a sale in the area of the green line and with a stop in the line of 50% fib(breaking down this resistance the next is the red line and next 61,8% of fib) RSI and Sthocastic are almost in oversold giving even a small margin to drop more, the entry point...
As always we need to retest the low area to make sure we have seen the bottom.
Two possible scenarios for the final wave down for BTC, which as everyone has probably noticed, is currently correcting down... Both scenarios share a bottom at (C) followed by an upward trend to around 12450 (bull trap..!) as the market moves through an ABC-style sub correction up to (D) before continuing the downward trend for the 5th wave. S1: More...
yes i know i justed posted a post with btclong... but that was before it broke this line in does not look good at all, might see a 9.7k or so
Just break the resistance established support at current level now facing toward 11.5k resistance
as this is a big concern to me, and everyone in crypto community, Now its about our King coin the BTC We might see temporary blood bath in this early 2018 FA : multiple bad news, futures agains BTC , finished wild - wild bull run on 2017, TA : look at MACD in weekly chart will be bad if this week BTC still bearish the dump before the rise will be longer
Market sentiment has been in full bull mode since it appeared as though support was found. I disagree. $9800 $7500 $6500 This will take possibly weeks to play out but for now, this is where I stand.
Fib Extension tool shows strong resistance at 12063 (Bitfinex), this has been tested and retested. No enough volumes for BTC to break through it. Following some consolidation expect a retest of the lows; following which uncertainty/negative FOMO will get BTC to test lower target of 8848 USD.
In the next 24-48 hours we have a possible 10% + increase in BTCUSD. In the coming week, if the trend continues, it will increase by 30%. (11755 to 15300)
BTC -> BTC has shown signs of weakness, a very disappointing fail to break out to the upside. And a correction back down to a point of our bottom support. This support level has no other supports under, so its a long fall out of bed for BITCOIN. Short @ $13,000 Target $8000 STOP LOSS $15K RISK $2K REWARD $5K TIME FRAME 30 DAYS? Short At Your Own Risk....