looking at the longer time frame here, this triangle is seen every where in the trading community. We are in a solid, confirmed pattern here, with strong support and resistance all around us. Be ready to trade this in the coming weeks. once it pops, we will see a strong move in either direction. buckle up.
so we have broken the previous triangle, this now has become a longer time frame. Both support and resistance has been found at the 9100 area in the past months, so this is where to look for a possible bounce. Take a look at the weekly chart with bollinger bands. Respect the bollinger support.
So, still in this thin upward channel and the 50 ma rejected the buying pressure. Another test will be needed before the bears kick in. Strong resistance above. Overall i'm still bearish, but BTC is funny how it plays us. We shall see what tomorrow brings.
Watched this for a while. Again, still early in the day, but a few days back i said this was a broken triangle. BTC got pushed up to the previous support and got rejected.
Not calling it right now, but i still think we're going towards 200ma on the daily. Keep a look out
Yesterday i thought we may go down, but as i said we needed some bullish action.
Price looking better and i would say support is found. Back up we go if we can pass the daily 50ma
Back to support in the daily triangle. If we don't hold and bounce, we go down into 8-9k range i think. Retest of weekly bollinger bands is also one to watch for if this support breaks.
