BTC without the right to appeal.Big volatility not let build trend line older than 1 year. Most useful for next 6 month can made is 'Green" and red "red'.
Yellow trend channel is normal bearish movement. Red appendix, is critical, as can see price will move vertically down, just like did move up before end of 2017.
Triangle 1- is Gann 1/1 on last 'lowest' touch. Triangle 2 - is 2/1. Purple curve line, its price resistance.
Zone 3 is dangerous area, as its old trend line, the most revealing of the past. Cross green support trend line, will bring Bitcoin to long long term of "The Great Depression". Black MA-100 cross will confirm it, and next 2-3 days closing price will show mood of market. Here not need to use difficults indicators free of payed, just marks from history and Moving Average. It enough. #BTCdown #BTCUSD #$BTC #BTCtrend #BTCSHORT
Btcdown
Bitcoin ABC correction from 16.000 to "stable" 12.000 We were witnessing overextended BTC flash prices, few all time highs.
Now its time to correct it and "bring back on tracks".
Bitcoin will drop to 14.000$, when it will drop againa and try to maintain 12.000$ stable.
My personal opinion is that Bitcoin will continue to drop further slightly, so it should be around 10.000 with eventual dips to 8.400$.
I think that 10k btc price will be a decent one.
BTC artifical price pumpin', 9350 LIMIT and few drops POLONIEXBtc upcoming price flow would be something like this:
This would be a price range in 2 days time (counting from now)
* 9350 PEAK VALUE
* Downtrend no.1 9250
* -II- no.2 9150
* Uptrend no. 1 9200
* Uptrend no.2 9275
Downtrend no. 1 9150
Downtrend no. 2 9050
Downtrend no.3 8950
My personal opininon is that after this pump is completed (probably fresh cash just jumped into the pool), prices are getting overextended, so we might see future btc prices when this " madness" finished around 8600-8800.
I guess 8600-8900 will be actual price at least one day after this up and downtrend and later on 8400 (8200-8400) range, because everything over is overextended