BTC Realtime Analyse #12Hello my dear friends,
I'm back again and here i am with BTC Realtime #12.As i said in last BTC Realtime, i needed a short trip to rest well and come back stronger and fresh again.So excuse me for a last week and let's see what happened during a week that we hadn't BTC Realtime.
First of all i need to remember you few things that i mentioned in BTC Realtime #10.
As i said there,BTC started to form a broadening wedge after dropped from around 8500.I said in my BTC last time that we have a repetitive pattern for BTC movements after Bear market started in JAN.With logic of that pattern BTC need to move itself above black dotted line in chart and make a new low in Sep 18th,and the broadening wedge will help it to buy more time and power to move itself above that dotted line.Now as you see in chart BTC achieved this goal and all things are walk in plan plus many more signs that produced by last 2 week movements that i will say all here.Now look at chart in a zoomed out view to see where we are now.
I said we produced more signs and patterns in chart in last 2 weeks ,they are bearish and bullish,somehow we have a mix situation again.So let's see talk about them.
As i draw in this topic main chart we made a Bearish wedge in last weeks,i draw it with blue line in my main chart.All of you knows that in last weeks BTC tried too much to make a reversal patterns like iH&S but it failed and failed and failed again and finally form a bearish wedge and a bear flag for us.In first look at chart we see this patterns and signs but if we look better we can find more stuff there.
First we test our last lows again and immediately bounce back after that,second we made a short term support above our lows and test it for several times(you can see it in chart,yellow boxes) and third one is that we are in fight to break resistance instead holding a support,now and it say to us that Bulls are in charge with this fight,temporary.
But we have a important pattern in chart too,look at chart bellow:
Yeah, another reversal pattern, a bigger iH&S.As you saw in chart formation of this pattern complete and we have an almost fit volume with it too but in our first attempt to launch this pattern we failed and we are about to test neckline again.As you see our neckline is exactly EMA200 in 4H now and that is a huge resistance for BTC,somehow we are using EMA50 as a support now and breaking EMA200 will prove many things and will make a huge success for BTC.Remember that EMA50 closing ton EMA200 and we will have a Golden Cross with next BTC's bounce too.
All of these fact plus one another important one that i show you in chart bellow:
Yeah we are above ichimoku cloud in 4H,too.All of these helped BTC to make good Strength and passion for next run.So,Bulls team have much points to win ,too.Like i said we have mixed situation again,so let's see what we have in indicators:
RSI not much say lot things to us,first of as all we said in last weeks we didn't make a new low in RSI but as you see we are close to overbought zone without achieve important success,it say to me that we will recover it soon again.But what is important is that how much we want to recover it.If our RSI recovery end above dotted line,i will not be very painful but if we break that it mean that our bearish wedge in chart is working and we are about to test lower supports again.
Look at these similarities in chart above,somehow RSI is in Bears team,in my opinion.
In MACD 4H we are close to make bullish cross over and in 1D we have it and we are in bullish side of it.
In this situation can't be sure about anything,we have not proper volume and we have manipulators that love to play with this volume situation,anything can happen and somehow we have prove for anything too.So need to wait and see.I draw a RED and BLUE arrow in my main chart,if BTC decide to move,our next stop will be one of these arrows.
I will update this episode of weakly BTC Realtime idea as soon as i find a new sign in chart,like always.
Again thanks all of you for your supports and messages to me during last week,you really made me happy with those kind and friendly comments,i missed all of you.
Please like my work if you like it and leave me a comment to know what you think.It really make me fresh and happy.
Good Luck
Peyman A
Btcrealtime
BTC Realtime Analyse #11Hello my friends,
I'm here with BTC -3.52% Realtime #11.Thanks all of you that supported me in last months and all people joined channel during last week.Let's Start this week BTC -3.52% Realtime.
So As you saw BTC -3.52% couldn't achieve a victory in last days and bears are in charge,temporary.Opposite of what many people think about this falling,i have to say it's one of hardest victory for Bears in last 5 month.I saw many times that bulls tried to not loos and really tried hard but at the end bears win the fight.We have many attempt to made a reversal pattern in chart but couldn't, RSI prove my words.As you remember i mentioned in my last BTC -3.52% Realtime about RSI and how hard it try to break resistance and don't let loos easy.It's opposite of BTC -3.52% manner in last dumps and usually we reached to oversold and quickly bounced of that area but this time we stick in this area,unfortunately.
This reality can show us 2 thing.First,we didn't start to real fall,yet and Second,this time is different and we will not loos easy.Yeah i know,both possibilities can't help us at all.
So let's see what other things we have in chart:
First of all,i mentioned about a broadening wedge in my last BTC -3.52% Realtime,i want to say this wedge is still in play and now it have more credit.look at chart bellow:
It's obvious,what is not clear is that where is it's last stop before working.So i have another chart with my long term bullish wedge logic.see it:
But as you can see this broadening wedge and whole last weeks falling don't mach with my logic,why?as you can see all of falling after December had a trend line (dotted black line)that guide of falling period but this time we will land on bottom line sooner and did not walk on the line,see:
This pattern made methink about this situation different,so i find other possibility that didn't play well till now.Maybe this broadening wedge is not our ultimate solution and just make for us a retrace that help trend to move on line that i draw and after that we will continue falling.See this:
This isn't logical and need one month to complete and i think maybe that pattern will not work,again.This reality and fact about RSI that i mentioned in this idea made me more sure about this situation,this one is different and will have a very different results,maybe good and maybe very bad.I don't sure what will happen but i'm sure that this time is different.
So i don't to talk much this time,honestly i don't want to mislead anybody before 100% assurance.So we will continue monitoring chart and like always i will update this post as soon as i find new signal.
Again like all of you for your supports and your kindness.If you like my work here,please like this post and leave me a comment to know your opinions better.
Best Regards
Peyman A
PS:I published this few hours ago but TV deleted my post because of my telegram channel link.Seem it against the rule,so i publish this again and removed my link.
BTC Realtime Analyse #10Hello my dear friends,
I'm back with my new weakly BTC Realtime,Number 10.
Firts of all i need to confess something.My last BTC Realtime(#9) was a total CRAP.I saw much bearish signs and even mentioned all of them in my idea but published it with a Bullish main chart.That fault caused by my emotional weakness but like all i'm a human and i think best humans find their mistakes and weaknesses and try to turn them to power.So i'm sorry about that and need to thanks all of you that support me again even with that fault.
Second,main chart of this idea just contains what i see in chart and don't want to predict anything,so let's check what we have in chart.
After BTC dropped out of that bearish wedge in July 29th,turned to a falling knife again and we didn't see any meaningful retrace or correction for this downwards except some boring sideway that just full BTC's Fuel for falling.
As you see in my chart we can draw a downward channel for last movement's,but almost.exactly now,with my typing,BTC try to break this channel.After that we need to see a correction now,as you see we are about to make EMA Death Cross and it will happen with next BTC's negative movements.That cross will show us that BTC doesn't have much hope to stop still 5100.
I draw some important supports in chart too with black and red color and an arrow that show them,but what they are?My friendas and were with me in my BTC Realtime know this supports but i will explain them again for those that are new or forgot it.
I believe that after dec we made 2 long term bullish wedge in BTC chart that one of them worked last month with an iH&S.This wedge is one of my supports and i draw it with black.Second support is a line that connect BTC last lows to each other and i draw it with red.To understand this situation better,please look at Daily chart, bellow:
As you see alongside of those two support we are in potential fib retrace zone,now.All of these make me believe that we will see a little retrace or even reversal soon,but we need to make it soon.Believe me after EMA Death Cross all thing will turn more harder.
In chart above we have multiple EMAs that play resistance role now and exactly are in different fib levels.This Chart show how this way up is hard.But like always Supports and Resistance made for break and if market decide to break them,will break.
Back in 4H chart,in RSI Indicator i have a very important line that we had important reactions to it from july and now we break it again in a bullish way.In Daily RSI we are above my support,yet and made a reversal after touched it.It's a good sign.
In lower time frames we have almost bullish signs that maybe making our retrace now,need to see.But first important resistance exceptmy areas(red=resistance yellow=support) is this line in my view,chart bellow:
As you see we broke it now temporary and need to hold this,fail in holding this achievement will cause EMA Death Cross Sooner.In that case we have path like chart bellow:
Like always i will update this weakly idea in Realtime with any sign.Thanks all of your togetherness and kindness again.
Please like this idea if you like my job and leave here a comment for me to know what is your opinion.
BTC Realtime Analyse #9Hello my friends,
I'm here with BTC Realtime #9.We finished second month of BTC Realtime weakly last day and let's start third month with energy and fresh.Again i want to thanks all of you that helped me to made this idea and this page great,thanks you that trust me and walk on this path with me and thanks about all your kind comments and messages.So let's start this.
As you now we had a 1 profitable month together and now BTC stuck in a determinative situation,so i just tell you what we have in chart,instead what we have to do,in this period of time.
As you see in my main chart(what a messy chart) ,3 BTC's chart with different patterns but almost similar outlook.All these patterns are bullish patterns but this isn mean that we have not any bearish signal in chart,yeah we have and i tell you here later.
In my first chart from left you see a BTC Daily chart that contains a big inverted head and shoulder in middle of right shoulder formation,i started an idea last week that i explained there we didn't form our iH&S #2(from BTC Realtime #6),yet and we are in right shoulder forming phase of it.As you saw many thing walked on plan and my scenario till now and they made me more certain about it.I add that idea here if you want to see it.
After that we talked from 2days ago in BTC Realtime #8 about BTC triangle situation.As you see in second chart or chart bellow in triangle we have impact with price and ichumoku in 4h time frame after almost 15 days.Ichimoku cloud plays support role for BTC,still and BTC couldn't enter it yet.
But in lower time frames like 1H we entered it again but not reach below it hopefuly.In 4H we have price above all important EMAs like 50 200 1200 and 20 till now.EMA 20 plays support role till now that BTC reached below it and gonna test it as a resistance.
In 3 chart we can see a little inverted head and shoulder in that triangles that have little complex situation now.It had a chance to break neckline and confirm but failed in that attempt,now i have another hope for this little ih&s to play with two right shoulder,kind a odd head and shoulders but if you check books you can see kind of iH&S named Complex iH&S.They are very rare but exist.Or maybe we are just started right shoulder.
My scenario will play hopefully by mixing triangles with little iH&S and after that with a rally to 8600 they will complete right shoulder of bigger IH&S and BOOM,9500.But...
We have a BUT,like always.As we see in indicators like RSI and MACD we can see signs of reversal and div in them.
It's been one week that i started to talk about bearish div in RSI 4H.See chart bellow.
After that we have a reversal in RSI and MACD ,Daily time frame too.This isn't a signal that can walk away from it,easily.Need a strong support with Strength to can stay safe till indicators recover.
I don't want to be negative but it's situation that we must use a smart tight stop loss,stay tune and continue monitoring Chart.In this situation i do not advise anyone to enter or exit market,just saying to peoples that entered trade in lower steps,BE CAREFUL,we had this kind of situations in BTC before that after a break out of downward channel everyone turn happy and excited and suddenly market back in a sec.
If you want too see what will be our path after market drop,you can see chart bellow.
It will be it,without doubt,next stop will be 5100.But let's see what will happen in future and don not judge it right now,Mixed Signals means more Cautious.I believe in this sentence " Trader is not Cautious,is not Trader.He is just a bad Gambler."
So Good Luck
Like always please like this idea if you like my work and BTC Realtime weakly idea and leave me a comment to know what you think about next days.
I will update this idea like always with any sign.
BTC Realtime Analyse #8Hello all my dear friends,
I'm back with BTC Realtime #8,yeah we reach to number 8,this week we will end second month of this weakly idea and i hope we celebrate 2 month end with a great profit in BTC market.
Again need to thanks all of you for your support,togetherness and kind comments and messages.Without you,this weakly idea never start and i really happy that helped many of you during last episodes of BTC Realtime.
So let's start this with a little summery of past days and weeks in BTC,we need this.
As you remember we had a successful inverted head and shoulder last week that i mentioned it BTC Realtime #6.You can see BTC Realtime #6 from chart bellow:
I mentioned there that we have 3 iH&S and after first one we are here to complete second one.So what phase we are in forming second iH&S?We are in forming right shoulder phase,i will open this later.
After that iH&S i mentioned that we are bellow a very important resistance that made with our last long-term triangle support line(started from dec) and neckline of our new iH&S,that made a symmetrical triangle with BTC last lows.look at it:
After all of that we saw a golden cross in EMA 4h time frame last week that was really a great sign.It's enough for now,let's check where we are now.
As i said before we are in forming right shoulder phase.When you zoom in chart and look at it in 4H time frame you can see that we have a little h&S there that have potential to turn an inverted one,yeah i know it's odd.
Honestly i prefer that it's work as H&S to form my right shoulder more powerful but where are in neckline of second iH&S now and with last days drops we formed a little right shoulder by now and it's enough somehow and that little iH&S can make our bounce and break resistance above,in this case we really have a supper bullish situation.We have much possibility that go up from here without any of this 2 little head and shoulders.
In indicators we have good signals now,we are above ichimoku 4h and near to break it in daily chart too.
As always please like my BTC Realtime if you like what i do here and leave for me comment to know what is your opinion.
Again, appreciate all your kindness and hope i can continue this well.
I will update this in realtime with any signal and sign that i find in chart.
You can join my Telegram channel @t.me/peymana71 , i will start to work there as soon as it reach to proper number of followers.I will post there educational contents,Long term investment suggestions and updates of here.
Best Regards
Peyman A
BTC Realtime Analyse #7Hello all my dear friends,We are entering 7th week that this weakly idea has been started.Thanks all of you for your consideration, kindness and great messages during last weeks.
First of all i want to announce that i will not publish long term speculations in BTC Realtime ideas any more and we just analyse possibilities of short term here.I will post long term BTC analyses in another ideas.
So let's see what we have for next 7 days in chart.
As you see i have arrows in 3 colors.Black,Orange and blue.Let's look at orange arrow first.
You remember that we had 3 iH&S in BTC Realtime #6.Unfortunately we stuck in first one yet and couldn't complete right shoulder yet.Look At next week idea.
What is important is iH&S theory is still in play,even if it is a rare possibility.As you can see in chart below we can complete right shoulder and come back to game like orange arrows.
After Orange is time to look at Black arrows that have much more possibility.As you can see in chart bellow we formed a Ascending Triangle with movements of last days that is a bullish pattern.look at it,i draw it with red line.
When we zoom in more we can see that we have another triangle in it that we stuck in it from 2 days ago.
I talked about it much in last updates of BTC Realtime #6.As you can see we had many efforts to break in in both side but every time we just failed.We had fake break out in both sides too and we are near to confirm its new break up.Need to stable here above this triangle and continue moving up.
And Blue arrows.As you can see in chart bellow,maybe we have a bigger symmetrical triangle here instead of ascending triangle.
This is a continuation pattern and have much possibility to back us to downward but i want to be positive now till i find a better reasons for being negative.
We need to monitor chart now and decide what is best to do.
I will update this as soon as find a new sign,like always.Thanks for togetherness with me,Please like this idea if you enjoy my analyse style and work,don't forget to leave a comment below for me to help knowing your opinions better.
Good Luck
Peyman A
BTC Realtime Analyse #6Hello my friends,
Here we are with another BTC Realtime,it's one month and half that with started this idea together and we will continue it to #666 and even more.lol.Again thanks all of you to make me proud of what i do.So let's look at our AMAZING BTC chart.I want to name it "iH&S WARZ" . haahaa
I'm so excited to show you what i wait for it for month,but first let's check history together,not so long,few month ago.
In last FEB and MARCH many people thought bear market is near to end,and they had an iH&S that believed it can help to market back to bull market(chart above).Magic Poop was first person that started this idea and because of it i named that failed iH&S ,Poop iH&S.As you remember or see here that pattern failed,nt because of no proper and fit volume profile or anything else,just because it was too early to finish btc correction.That was just start of bear market.After that market continued to move in cycle and print lower highs,that i still believe we formed a bullish wedge with that price actions.Till we reach this point.After a long downward from 10k we reached an almost new low and after that we started a new wave that can't name it new upward yet and can be just a retrace.But what is important is we brok that downward channel and 4 important resistance and we prove some supports,too.Let's look at this achievements from last BTC Realtime again.
As you can see we have a new and fresh channel here and it made on a strong RSI level that prove itself till now.We have ichimoku that broke and we are above it in a good mood.But what can change our retrace phase to a different phase?What can show us that we are in new bull market?Reversal signs.
As you see in main chart of this idea we have 3 iH&S in 3 sizes that help each other to forme perfect.Look at thease baby boys.
This is first one that i mentioned it in last BTC Realtime analyse and we are testing its neckline now,remember it can drop more to make a balance right shoulder and test last suppoer and broken downward channel again.
After that we have a bigger brother that trying to shape its head. Shaping this head will end with last iH&S confirmation and our big bullish wedge(dotted line from 20k) result.After that we will test that wedge as a support and shape right shoulder of this iH&S.
And finnaly we have a Beast here.biggest brother that can end bear market and prove all scenario .We have similar requirements for this iH&S,like second one.Now we have little proofs for this one and it's really soon to judge on it but all these show us that we are in different situation from when we had PooP IH&S.Market tried hard to print a new bottom but they couldn't achieve that,now bears are so tired but bulls are little lazy too.Look at another reversal sign now.
Adam & Eve double bottom,i mentioned it in last week analyse and really can't ignore it.
So let's see what we have now:
Reversal Signs
1. 2 Long-Term Bullish Wedge
2. 3 iH&S in 3 size
3. ADAM & EVE double bottom
4. Reach to 78.60% Fibonacci Retracement
These are great signs and we need just new money and trust in market to start a new parabolic move in next DEC,Don't forget that all these acn burn and turn to trash without enough interest in market.We need New Money,not manipulators money,Investors money.
Thanks again to read my new BTC Realtime,Thanks all of you to made this topic alive till now.Please give it a like if you like it,Believe me it's really make me happy.Leave a comment bellow to show me what you think.
You can join my Telegram channel @ T.me/peymana71. I will start to work there as soon as it reach a proper number of follower.
Good Luck
Best Regards
Peyman A
BTC Realtime Analyse #5Hello my friends,
It's another Sunday and we reach to number 5,Really happy to was with you here in last months,honestly i traded more accurate and profitable after start here as an Analyst.You always made me happy with your comments and messages.i had many messages that they said entered with me in trade and made profit with me,even in this boring market.All these made me fresh and helped me to work better.
So let's look our BTC chart for this week.
As you remember we had 2 short term bullish wedge in btc that both worked perfectly last day.Now it seems we found a bottom for BTC even temporary.Last day bounce reached BTC just under over downward channel from 10k.We have huge resistance here but we are still in a bull flag and hold this area.
As you see in my main chart i have 3 possible scenario for this week.Why 3?It's against my structure for make an analyse but believe me we are in a important area and just an idiot analyse this situation with one possibility.We are under an important resistance that push BTC down for several time and after that we have more important one that will show us Downward channel will end or not.
I have a super bullish possibility that draw with black arrow.in this scenario we break this channel and next resistance without any retrace and we bounce right from this bull flag.I said in my last BTC Realtime that i don't think this scenario have a lot chance to win,because BTC know locate in bad situation with lot uncertainly and doubt in market and we need to hold support below and by that new money back to market and we see volume again,exactly like my Blue arrows.
Blue arrows show a logical path for BTC.we drop for a little to first support area and hold there and after that we gather more trust and money and after that by a proper volume we bounce over the channel and after that again test downward channel as a support and start to climb over next resistance.I have to say it's most possible scenario in my look.
But always we have an ugly bearish possibility too,as you see in my chart i have red arrows that show you BTC drop after it can't hold first support area below it and after that BTC will try to break that resistance again but i will fail and form another ugly H&S there and move us lower to make another impact with over downward channel bottom around 5400.I mention this scenario because it's possible and honestly it have big chance to win but i don't draw that H&S now to not damage your focus.
So let's take a look to another indicators.As you remember we had a hidden bullish div in RSI and after that we made a Bottom line for RSI that hold tight.look at it:
We have a black line that show bottom and a dotted line that i think RSI will recover itself with this line if we will walk in bullish scenarios.Now we have a bearish reversal in 4HR that show us BTC need some drop like blue scenario or it can recover RSI with sideway.
In MACD we have a bullish cross over in D time frame,it's very good sign.
As i said before we are above ichimoku cloud now and it's a really bullish signal and i think we will test it soon again to enter and that will show us what is next by BTC reaction.
So it's enough for now,i will update like always with each sign or pattern i look in chart.
Thanks again for your all your kindness and togetherness.Please like this post if you like my work and BTC Realtime. Leave me your comments and opinions to show me what you think,i will answer them like always.
I have a Telegram Channel @t.me/peymana71 too that will start to work after reach 100 follower,sorry guys but i have another work to do as a Graphic Designer and i'm busy with that for 70% of my day ,and can't give telegram time, before it reach a proper number of auditions.
TELEGRAM CHANNEL : t.me/peymana71
Good Luck
Best Regards
Peyman A
BTC Realtime Analyse #4Hi Guys,
I came back with another weekly BTC Realtime.How soon time pass and i had best times with you here,you made me happy and sad with your comments and messages and honestly i turn more accurate after i started to write here for you in TV.So let's go to BTC chart and see what we have there.
So after a incomplete swing in our downward channel from 10k BTC started to fall without stop.These days we have a very very low trust in market and by that we have not no new money to hold BTC from falling,but Guys don't worry it's not the end of world or BTC.At least we are in our downward channel yet and did not crash.As i predicted each BTC moves in my last BTC realtime we broke our huge wedge bottom but we have a backup for that.i draw it here below than older one with dashed line.
As you saw in my last update in last idea we reached to my ultimate reversal zone(red box) but there isn't any sign of life yet.So i move my expectation to downward channel bottom impact and think we will change our way as soon as touch that blue line in chart below.
One thing that i think about it much is that in last week we did not made an impact to upper line of our channel and because of market weakness we started to fall before impact.So i found out maybe we had some bigger problem there on 6800 resistance.So i draw this new channel(with red dotted line).
As you can see it's like a bullish wedge but it's too early to can count on it but maybe this wedge can help BTC to break downward channel from 10k.After all we have 3 bullish wedge in our chart that i believe in them yet.
Like always these days you see here in TV anybody talk again about dooms day and BTC 1-3k and etc... .I do not deny that possibility but what i want to say is all moves have a logic.3 mounth ago i post an idea about BTC 4k and i believe in it yet but as you remember my Yellow Scenario i had a logic for it and after 3 month i have those logics yet and think maybe we reach there but not with a crash,we need to stick to our trendlines and monitor BTC moves without any Feeling.Now we are still in Channel and don't break it but no one see this.We have to at least make a positive swing after impact with channel and then we can go lower.First we need an impact or break,then a correction and after all maybe we go lower.
So Let's Check RSI.We have an obvious hidden bullish divergence in RSI 4HR.Look at it
If we want to validate this theory we need to hold this line.It can be just a recovery but soon to judge in any way.
In momentum indicator you can see it have less bearish momentum but not reliable.we need to see price move up to confirm these signs.
After all i need to say this again.Maybe we see revers here but if it don't come with enough Volume,we will soon end it and go lower again.
Thanks all of you that joined me here and in my Telegram channel @ t.me/peymana71.I really appreciate all kindness an togetherness you bring for me and hope can continue my work well.I will start Working on Telegram as soon as it reach to proper followers.
Love you
Peyman A
BTC Realtime Analyse #3Hello all my dear friend
Thanks god and Trading View that helped me to find many friends from all around the world in last 2 month and thanks all of you for your kind messages and comments,many of you really helped me to found some signs and patterns better in last analyses.How soon we arrived here,so let's start BTC RealTime #3.
Have a great information for you,hope i think right about this.
Last week as you remember we break that huge triangle and reach our downward channel bottom that started from 10k,so many days i was so confused about that beak out, i expected more fall after break out of that triangle until i discovered maybe that wasn't a TRIANGLE at all.Maybe this is a Descending Triangle.if that is correct then all things come logical.we can continue this wedge to our long term yellow channel(from 2015) bottom then bounce up the wedge and ... .
So let's take a look to this wedge.
First this is not a single wedge,we have 2 wedge here,first one from $20k and second one from $12.8k in Feb.so i attach them here :
First one:
And then second one:
now take a look at both of them to find out exactly how they finish this bear market together:
What here is matter that all of these are just a possibility and with this weakness that we saw in last days it's have lot chance to move us much lower and this idea failed or you need to understand this fact that maybe sooner we break first wedge and continue market by second wedge.If it happen then we see another Great DEC,soon.
So it's enough long term expectation,forget it now and let's back to our BTC RealTime and short term analyse.
As i said in my last BTC RealTime,after a sharp fall in our downward channel(can't say it parallel channel) from 10k we had a little bounce that was a weak one,but by that bounce we made a symmetrical triangle.I explained it last day but i say again.
This kind of triangles are usually continuation pattern but we had situations that this triangles made a reversal and changed trend but can't count on it.Beside,this kind of formations usually take few month to complete and are long term formations.
On the other side we have lot mix signs in MACD and RSI.in MACD you can see bearish reversal sign in 4HR but in RSI you can find signs that show regular bearish div and little hidden bullish div ,together.yeah all of those make me confused and i try to monitor more rather that talk about them.But what is important and clear is lack of Volume on both side that caused all market uncertainly and all uncertainly in market caused this low vol situation.Last day we even had a Perfect H&S but it failed and we hold our support yet.but for sure if we don't see enough money in market we will drop again to last support.All of these caused to i think more about this triangle but as a Pennant that will push us lower eventually.but if BTC want to hold value of that LONG TERM Wedge i mentioned in first of this TA,need to avoid of sharp falling bellow 5900.
I made a TELEGRAM channel after your many requests about it,finally.but what you need to know is that i am little busy and i will publish TAs there just after channel reach to 100 follower,you can join it from this link ,below:
t.me/peymana71
I will update this like always as soon as i find new sign.I want to thank all of you again for your supports and togetherness.Please leave a Like and Comment for me,if you like my work and idea.
Best Regards
Peyman A
"BTC Realtime Analyse #2"Hi guys and welcome to my new BTC Realtime.
Again here i want to thanks all of you for your kind messages and comments on my last idea,many of you send me message that i helped you and aware them of this falling,many of them even short btc by my call.i see everyday many friends join us here and they really liked what we do here and i answer almost 20 message in day and i loved too. because of these i decided to do this more professional and regular and publish new "BTC RealTime" every Sunday and update every idea like what i done until now.As you my friend wants before i made a Telegram Channel that add here soon.
So back to the Great BTC(powerless now),as we saw in two last week btc almost do a little wave up and again failed to hold new trend line and continue dropping more.one of the main reasons that btc could't hold that stage was lack of enough Volume to confirm those broken resistances and we didn't saw volume just because of psychological issues and lack of trust in market.After a 3 H&S we reach this point that make our yellow scenario fresh again,so what was yellow scenario?
For those that didn't read our last ideas i open it briefly.Yellow scenario say that we started a Parallel Channel since 2015 and after Dec 2017 parabolic rise we made a roof for that channel,now we need to touch or close to its bottom again around 3300-5000.we made a huge triangle since near 4 month ago that was a bearish one that we believed we may drop out soon and go closer to our target by that.now we drop out of it but not much yet.
So now in my new chart you see 2 other Parallel channel in the huge yellow one,we can reach to bottom of yellow channel by those two smaller channel that is a great fib retracment lvl, or again by another flash drop that will make whole market crazy and after that we will break that channel too and HELL.but i draw 2 dotted line that make for btc double bottom and are potential reversal spots.
One week ago i posted a MACD chart,this one:
and now we are here,it's another prove that we can gow lower easy.
In Rsi we reach again to oversold are and it's have more room to go lower.
And now,after we arrived to 6600 area we did a small bounce that was really too little for last flash drop from 7600,but now we try to recover indicators and if we don't see a meaningful bounce we will go lower again but i think we see another bounce here.first target is 6400 area,that was a great support last time and i expect a real war to break that one.after that we have room till 5980.in the other side if btc can hold this lvl for a while we can reach 7200 easy for first step.but now we just need to see what signs we have.
i will update as soon as find a new sign.
Good Luck