We are most probably gona get a REAL HARD CRASH!!! if RSI drops below this level.... As yo can see that since we droped from 6000s, RSI has been bouncing on this trend line !!! and we are have touched the trend line again today.
BTCUSD Bitcoin is n a crossroads right now. We are in a rising wedge and IMO we will not break out upwards not atleast in general mood of crypto ($4400). Most probably we will be visiting 3600s atleast in short term but that will not invalidate the bigger Inverse head and shoulders pattern. And we will may breakout later to projected 5200-5300 usd given the...
No Idea.... BTCUSD is between heaven and earth right now. But this is Probably calm before the Storm! ... There has been some preety heavy and consitent Bot Orders been placed on bitmex. This is probably showing us way down.
EOSBTC / EOSUSD... Despite the market sentiment we are probably going down now, atleast for the moment.
LTCBTC . Litecoin is in a rising wedge we are probably going for a correction. Expect a drop soon.
#Bitcoin Falling wedge is probably now invalidated and currently we are in triangle within a descending channel. Most probably we are going to have a drop but almost certainly this decending channel is going to work out.
No breakout Today. According to Time based Fibonacci, we are on the verge of a long term trend change but if we dont get a trend change till first weekend of febraury, we are probably going down to near or below 2000s. but for short term we are going to see a bounce after a small drop.
Bitcoin is in a Baby Bull mode right now. We are expecing it to rise till resistance level indicated. But it will not cross 4050 for sure ! So short positions can be taken at both resistance levels. Check out our previous analysis ! Like it? than Like it ! :) Our Previous Analysis
Right now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop...
Right now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop...
Need some confirmation but we are possibly in an inverse head and shoulder pattern Bitcoin .
If you get benefit then please Like/Follow the post . Rsi must have to come down in order for bitcoin to jump further high... with RSI this high its very difficult for bull to maintain power....As we can see that right now RSI is very sensitive to price movements, it must get rid of this, which is an indication that either we will be moving sideways for a day or...
Caption Please ! Unlike and Unfollow please. :D First long than short
We are on our way to complete popular triangular pattern. But where are we heading ? Thats the real 6500USD or 12000 USD question. In my opinion this time we are making a small mistake . The popular opinion is that upon completing the pattern we will be heading upwards and possibly it will be a start of new ATH Btc price. But i think we are making a mistake and...
As we saw nothing is CERTAIN in bitcoin price, but 4hr and 1 D charts have rarely been broken. There is a rising wedge formed and in my analysis the price will hit REAL bottom this time.
a rising channel at this stage strongly indicates that we are about to enter 6000s and this time probably even to 5000s. The rising channel pattern can only be broken in case of a strong crossing of 7750-7800 price. in which case it will be fairly good indicator that we have touched the local bottom for now and are on our way to 8800-9000 again
Given the pattern forming on 1hr btc chart. it seems like we are going to visit 7000 (atleast) soon. On 7000 it will be deceided if we will bounce back or we will be having a visit to below 6000. One thing looks promising and that is that if bitcoin failed to maintain support at 6950-7000 , the bitcoin will not be able to hold 6000 either this time.
Rising wedge and "in process" head and shoulder patterns in addition with one day chart technical analysis and historical bitcoin performance data all indicates that we will not be able to hold 8000 and will test 76-7800 level within a week. Time to short. Absolutely not a financial advice.