Curdled_Jelly

Curdled_Jelly Updated 

Hi everyone, In my last post, I said that I believe we were well overdue for a correction. Now it seems, we are getting it. Currently BTC is sitting at $7,700ish while forming a symmetrical triangle. I still believe we’re going lower and I suspect our next stop might be possibly $6,800 and might even go so far as $6,000. This area saw BTC bounce within this range...

Curdled_Jelly Updated 

It’s been a while since I’ve posted anything, like anyone, life gets hectic. But I’ve managed to still keep my eye on things. We’ve had some MASSIVE gains with BTC, moving 181% from its lows in Dec. Now’s probably the time to take a step back and re-evaluate. As we can see, BTC went full parabolic, making it all the way up to around $8,300, a quick sell off to...

Curdled_Jelly

BTC seems to be moving fairly well according to the FIB, bouncing of estimated support and resistances, which I've had for a while. If this holds true, Bitcoin could be back up to $8,000. I'll wait to see for further confirmation, but so far so good. Hopefully it holds strong and we see some real movement. Just my opinion. Could be a Bull Trap. DYOR and trade...

Curdled_Jelly Updated 

Firstly, I apologise for the black lines on chart, just easier for me to black them out instead of redrawing them later. There seems to be a fairly large sideways channel (in orange) formed when I draw a couple of FIBs. There does seem to be a bit of support at $7,400 and resistance at $7,700, with only very slight breakthroughs on either side. BTC looks as...

Curdled_Jelly Updated 

As stated from my previous idea that BTC might dip, we can see there was a large red candle, bouncing off the bottom of the larger narrow wedge and a support line. The MACD is also showing a DEATH CROSS. My opinion from my graph, it appears to me that BTC is on its way down, after trying to break $7,800 and failing. If it goes lower than the $7,450 support, I...

Curdled_Jelly Updated 

I have two possible movements on one chart, one long and one short. With the long scenario, if we break upwards, target might be $7,850.00, before a slight pullback before reaching $8,000. Afterwards, the support will be formed from the top of the wedge from whence it broke from. Conversely, if we we break downwards (short scenario), target for bounce might be...