CoinDragon

CoinDragon

Watching the local trend now. Not entering in this chop.

CoinDragon

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CoinDragon

- Rising wedge formed - Broke below critical trendline again Market sentiment is mixed and we're getting loads of chop. Bear : If the wedge validates, breaks down and closes, we could be heading down to next support zone (blue box). Bull : If we break back above the long term trendline, for more consolidation in the wedge, could build up energy for another alt...

CoinDragon

on chart

CoinDragon

- Ichi Tenken crossed under Kijun + price being under a bearish could = strong bearish signals. - Volume ever-decreasing, lowering the probability or power of a possible bounce

CoinDragon

- Broke major uptrend line, - Volume dwindling - Candlesticks getting smaller (less velocity) - Bear Grind depiction in market cycle - T/K bear cross very close - Bearish Kumo

CoinDragon

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CoinDragon

Bullish signal, however volume is seriously lacking, which points to it not holding much weight. Next few days will give us more direction. We'll need more volume and bullish signals after Consensus to see another run, and possibly alt season.

CoinDragon

Bullish Pattern Usually. Will see if it breaks out, or will become super bearish if 8200 support breaks.

CoinDragon

Lower low on Bitcoin, sign of breakdown as technical bear trend established.

CoinDragon

Broke Triangle Respecting Trend Line T/K nearing a Bullish Cross

CoinDragon

See chart

CoinDragon

Triangle + Resistance / Consolidation lines up with the strong number of $9k resistance. Should this break, a strong move up could follow.

CoinDragon

- Broke local resistance it was ranging in for a fair amount of time. + Nice volume

CoinDragon

- Bullish T/K Cross - Kumo Breakout on strong volume - Building of accumulation volume - Chikou above Price Also bullish on the fundamentals. Great project involved with IBM.

CoinDragon

Same chart I posted yesterday. Text book, and nice volume on the breakout if you look intraday.

CoinDragon

Bitcoin tends to follow triangles accurately, especially an Ascending triangle. Keep in mind that it is on the intraday chart which doesn't hold as much strength as the longer time frames. Bull - Breakout on volume - Head up to $8.5k / $9k resistance zones Bear - Breakdown - Head to $7.5k support *Could be a healthy throwback, good entry area, or snap...

CoinDragon

Bearish pattern. Scenarios: 1. BTC may continue up due to the volume, breakout and momentum 2. BTC may confirm the rising wedge and make a healthy retrace to prior resistance.