Get started

Kraken

some are bearish others bullish ... i say we must go sidewaysall TA on TV are either bullish or bearish but i really think that btc has to go sideways for a while without big bounces. if btc doesn't go under 6k and goes sideways almost in a straight line for a while we will se ATH again this year (maybe until summer). As long as btc will bounce hard after a dip traders will be tempted to take profit and will make it dip again. for now the bounces are smaller and smaller following the scenario from 2014. let's hope it stays in this price range 6-8k for at least a few weeks then we can hope another bull run will start.
BITFINEX:BTCUSD
by pakardel
1
btc still looks good ... this is just a correctionright now btc is not bearish at all, as i see on some apocalyptic TA's. right now it is consolidating and creating support for the next jump. the longer btc is trading sideways, the lower and closer it will be to the top of the downtrend channel so the next jump could boost it above it. if btc follows the behavior from the last drop (from the double top) it means it will go as the red line indicates and will bounce from the support created at 7.6-7.7k, otherwise will continue the waves inside the bull flag then jump to 10k i think in about 8 hours will finish the correction, then jump out of the downtrend channel and catch another jump tomorrow morning (GMT Europe time) LIKE if you LIKE or agree ;)
BITFINEX:BTCUSD
by pakardel
this is how i think btc will go within the next few days first step is to break up from the bull flag, test the 0.786 (blue line) which now acts as resistance but after btc will break it, it will be support. next step is to test the top of the downtrend channel (dotted falling line). it will test it a few times so the inverse head and shoulders will be completed. a break up from the neckline will boost btc back to the double top area (the 0.618 ... around 11.5k). a fail to break up from the downtrend channel will most likely make btc to go down to the green rising trend line. this line acted as a support for a very long time. i personally think it will go up because there are a lot of money on the side waiting for an uptrend confirmation, also i have reasons to believe that whales got their bags full on this downtrend and now the market will be pushed up. this is just my ideea not a trading advice. hit the like if you agreee ..... or not :)
BITFINEX:BTCUSD
by pakardel
the invers H&S plays out as expected ...the current correction seems to draw the right shoulder perfectly. shorters are posting apocaliptic TA's but btc is not going to to drop to 3-4k ... at least not in the next few days. still has some space to struggle between the top of the downtrend channel and the strong support line. for now we are following the scenario from the end of feb (26-28 feb). i guess we wil not go lower then 8.4k comments like ... "anybody can draw some lines" and "TV is full of H&S" are welcome ... just hit the Like button :))
BITFINEX:BTCUSD
by pakardel
1