48 Hour BTCUSD1W projection on OKCoinThese are my thoughts and projections on the price at OKCoin.
We may see a little choppy flat motion as well before a solid leading decline. A choppy flat motion usually leads to a steep decline in Bitcoin land, at least in my opinion. If Bitcoin isn't gradually moving up then it is either going down or about to go down.
Okcoin
OKCoin next downside target 1224?!Didn't like what I saw when I loaded up the yearly SCMR dynamic trend level on OKCoin today. 1974 can now be considered to be walled to f*&K
Assuming we can't break the yearly SCMR dynamic trend level at 1974 on a bounce from here, the next plausible target for a 'normal' Bitcoin dump (of minimum of 58%) would be 1224 ish. This also happens to be the 2.0 fib extension level and translates to $196 ish dollars. I'm looking for a short entry
BTCUSD January 2015 panicSo the $300 broke and we made a low to $298.55.
A lot panic in the morning, a lot of stops hit & a lot of people exit their longs.
Still there are traders waiting for the $260 for BTC. Yet we need to think
if the market makers want to short squeez soon because shorting
at this point might be a riskfull play (Risk/Reward)
The Market can have some 'upside' potential but yet you need to be carefull
with taking shorts/longs now. The fear&greed at this moment is unmatched.
Market Makers / Whales wanting to margin call people in a brutal way, hoping to crush some skulls of traders with
scare them out of theit postion, hitting stoplosses or margin calls.
Big Beary outlook till start of Jan2100 has got 2 week dynamic level support, needs to hold or it could dump quite hard given the bollinger bands on the daily flaring out, macd and obv bouncing off resitance
Bulls are in ControlMarket has been pumping relentlessly with little pullback since lows around 1951. We currently sit just under the final major bearish trendline taken from all time highs down to recent highs, around 2740.
Many bears have been given reasons for grievance and will continue to do so imo. I'm not expecting much respite until we reach 3039 ish ($499)
Intermediate target for LTCNow expecting 25 yuan target for this bear flag. Huge hidden bearish divergences on 4hr and 1hr
We are going back to 22 yuan4hr DMI/ADX is turning up again. This is just beginning. Looks very similar to the selloff that happened at 31, Target this time is around 21.7, which puts us at lows for a double bottom
Whales not filled up yet.... not enough volumeUpdate to previous chart... We need to break this falling wedge to the downside briefly to create panic and get the whales filled up at 2994-3000 CNY...
Head and Shouders Pattern Formed On Huobi Again!Better sooner than later!
BTC showed us again a head and shouder formation!
This will take us back to at least 3615 because there we have strong reactance from the last weeks.
It's time to go short to for a few hours and wacht carefully if we break 3615.
If that happen the target at least 3600 or maybe even lower.
Our target is calculated just like the cup and handle pattern.
Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline.
3720-3630=85
3650-80=3570 (580USD)
I hope this helped!
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