Hi: I share with a developed idea of august 12th. I have added the divergence that has been created between price and stoch/Rsi indicator. What do you think?
What is your opinion? Up to 52 K? what do you think? Am I correct?
As we see, the green trend line of price support of BTC of the last month has been brutally broken. Now we can see soon two things: A/ a continuation of the fall till 18 / 22K or B/ a strong rebound in 28 / 30K because it is A LOT oversold. In case A it would confirm the S-H-S in TF 1D. In case B it could invalidate such figure and mean a recovery to around 40...
If BTC price keeps holding, some miracle can happen and price go up, because RSI, trend lines and other indicators support it, but if it falls now, it will confirm some form of S-H-S in TF 1D and the general down trend if the last weeks. Now price is keep in flat lateral. The dashed red diagonal line was broken and now it is useless, the new solid red diagonal...
With BTC price with no strength to maintain the price over the darker red line and below 40 K, adding up atls go at the same pace, and death cross apparently unavoidable, and not less to comment, it is the S-H-S figure that seams to form and it is so exactly mirroring the downwards trend as it did in the upwards trend... What to expect, well, a miracle or a...
If BTC can cross 44K price, it will be over the 38% Fibo, and then it can be a new uptrend season. But if it does not do it, it may be ranging for a longer time.
What do you think about this soft pennant?, can it mean a bigger dip? I do not like this plan, but I feel it may fall dipper till about 20 K... I really do not like it, but what do you think?, please share you thoughts with me. Thanks.
Two patterns repeat in a short time... the first time it rebound... now what?... Indicators say to go down a lot more... What do you think?
BTC is holding 44K to 48K support. We expect to see a double bottom and a movement in a few days.
All indicators shows a clear signal to go down. We can expect $8.100 to $8.700. Later another rebound... when?... I do not know. Lowest target: $7.450.
New triangle to be broken in a few days. As you may see, the upper yellow line can be the first to be broken. A second yellow line lower is to stop point of the fall, but it could reach a lower level, around $6.000. Can we see an unexpected move up or just another sharp fall down?.
As we see in the pattern formed in the 1D chart, the green line is both a support line and a bull indicator. The upper red line, is just the opposite. As MACD and others indicators and further external signals, as Brexit, unstable West/Est relations and new crypto coin from Telegram coming very soon, it will make jump high Bitcoin.
Bitcoin is going high. Has crossed the triangle formation, volume is high and maintained high, and the rest of indicators are positive to go high. September opens new bullish market for Bitcoin.
It seem to be in a cross point, will it continue ranging, will it drop lower or else it will go higher... What do you think?
Let's see what will happen. All in all I bet to go up as I had said in another post. Now it maintains to two green trend lines upwards.
This a continuation of my last forecast. Because I wanted to show the larger picture of the downtrend channel and the possible bottom at the end of it, and from there, a new uptrend to come later this month or maybe in the next month.
It has appeared some most unexpected SHS and the Williams indicator and it proves to be right... how much will it fall??
At this moment, Bitcoin is about to break the triangle formation of the two red lines, inside the yellow circle. It will mean some new trend, possible an up-trend.