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BLOX CALLS TOPS [BTC] Technical Analysis & Forecast (1 Yr) 1YR Forecast of BTCUSD . We believe BITCOIN is close to bottoming out and will likely find strong historical support in the 2k range. Based on technicals we believe we could experience a strong relief rally from the 2900 level and trend upwards attempting to retest prior support, which became new resistance @ the 3500 level in the BTCUSD daily chart. If rejected @ 3500 look to experience further downside to 2500 level. We currently are in no position and waiting for more information before entering another short position. We don't believe BITCOIN has found a bottom yet, but it is near. Because cryptocurrency is in bear market, we will continue trading the swings on a bearish bias, meaning our positions are only SHORT. This chart shows our first 1 year price prediction of BTCUSD . Enjoy the weekend traders! As always, BLOX CALLS TOPS!
BNC:BLXShort
by BLOXTOPS
1
BLOX CALLS TOPS [BITCOIN] Technical Analysis & Forecast4HR chart of BTCUSD . Temporary short position target reached @ 3140 and we have a Bullish Gartley Butterfly Harmonic pattern playing out beautifully. Looking for a bounce from $3,115-140 level to test $3,277. Will be looking for a short re-entry around the $3300 level. If the 4HR candle close is above the 3277 level within this 4HR candle expect a minor relief rally to the upside in the short term. Daily candle close was bearish and all time frames are still bearish in this current BTCUSD trend. Here @ BLOXTOPS we are always looking for evidence to keep us in position and out of position for profitable trades. Happy trading and remember risk management is crucial to your success as traders. As always,BLOX CALLS TOPS!
COINBASE:BTCUSDShort
by BLOXTOPS
BLOX CALLS TOPS [AMAZON] Technical Analysis & Forecast Daily chart of AMZN . As we can see here the chart is still in bearish territory as we sit below (45) on the RSI with last weeks hidden bearish divergence seemingly playing out. We have our bearish continuation pattern of the October double top @ 2000 being respected and now confirmation of new resistance at the 1800 mark. We have clear rejection of the golden ratio (.618) on our Fib @ 1799 and per Elliott Wave Theory , we are on leg (C) of the corrective wave which shall fall until we rest nicely around 1000-1100 level --- to revisit our present 200MA. We have entered a short this morning @ the open of 1638 and have a tight stop loss @ 1700. Short term target at 1485. Enjoy your weekend everybody. As always, BLOX CALLS TOPS!
NASDAQ:AMZNShort
by BLOXTOPS