Cryptalion

Cryptalion Updated 

As you can see uptrend already developing. Falling wedge was broken.

Cryptalion

We can see that trendline was broke, also we got bearish cross 50/100 MA. The price is moving into falling wedge pattern. We have first support on our favorite number 0.618 fib level ~7020-7100$. Second support is ~6900-6850$. If the price breaks this support zones , we will move to ~6500$ support level.

Cryptalion Updated 

Long priority is here.

Cryptalion

With those arguments the bottom might be in. We are using monthly time frame. If we draw fibonacci retracement from low to high, in every cycle. You will find out! when the bitcoin monthly candle breakout the golden ratio 0.618 point. You will notice! after that never ever the price action closed below the 0.618 point only touched. The most important question is...

Cryptalion

The asset, after an almost uninterrupted 2-week decline, seems to have found local support for itself in the form of the previous level of horizontal accumulation - $ 8,200 - $ 8,400, and small purchases have already started from here. Right now we can see a less strong, but still reversal candlestick pattern: long-legged doji. After a long downtrend, the...

Cryptalion

After a long decline as you can see downtrend was broken. We have find support on our favorite number 0.618 fib. Ahead of us is the first serious resistance ~25$ which is a horizontal stop for buyers. When approaching it, you should partially fix your positions. The second serious resistance ~40$+ which is a horizontal stop for buyers. Bottom line: In general, if...

Cryptalion Updated 

In general, my view of the situation has not changed, since I still expect a decrease to ~7200-7500$, with a further failure to ~6000-6100$. But based on the current situation, we can mean a scenario with a long of ~9000-9500$. Bottom line: We have a level of $ 8650 which currently holds back buyers' pressure, and have a level of ~9300 as support for the previous...

Cryptalion Updated 

Which scenario will play? the answer is time will tell

Cryptalion Updated 

At present, we have a lot of longs closed in the footsteps, as well as the liquidation of marginals. The percentage of fear is currently at a high level, and few people want to buy. In the current situation, consolidation occurs, an upward rebound is possible (impulse correction), and then further with the greatest likelihood a repeated wave of decline will occur...

Cryptalion Updated 

After 138 days decline from april highs to septembers low BAT is ready to make some great move. Ahead of us is the first serious resistance, the level of 0.786 fib 3235-3315 sat. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions.

Cryptalion Updated 

From my point of view we are moving into not completed Bearish descending triangle. We got our potential targets on the fibs. Also that will create good buying oportunity. Idea will be invalidated if we break up and stay above descending trendline.

Cryptalion Updated 

After a long decline, finally we preparing to broke the falling wedge. Bottom line: In general, if you adhere to the scenario with a global market turn in the bullish direction, then the long from this price looks just fine, the zone in which I recommend starting to fix it already Is 0.618 fibbo at 17sats.

Cryptalion Updated 

After a long decline, finally broke the resistance. Ahead of us is the first serious resistance, the level of 0.886 fib 210-228 sats. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions.

Cryptalion

After a long decline, finally broke the falling wedge, followed by a retest. Ahead of us is the first serious resistance, namely the level of $ 203. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions. Bottom line: In general, if you adhere to the scenario with a global market turn in the bullish...

Cryptalion

Falling wedge continue or breakout is coming!

Cryptalion

As you can see we are moving into descending triangle. In the past AB=CD worked nice let's see how it will works now. Idea will be invalidated if we break up and stay above descending trendline.

Cryptalion Updated 

Finally we broke falling wedge! and ready to make a new step.

Cryptalion

I see potential inverse H&S pattern. Lets see how it goes!