Btc price is like to go up from here to $3500ish. This is derived from previous S/R, Fib retracement and Fib extension. Then we are likely to go down based on the bear flag.
BB is tightening up. Will we drop down or make a reversal?
I am bearish. I believe in divergence and it is telling me that BTC price action will continue downward movement. I did not specify targets on this chart. I will do so as we close in to the breakout.
The time of breakout is estimated to be mid Feb.
For the time being, enjoy this range. We will pump and...
We know that historic events are good indicators for future events. However, they do overlap sometimes due to human psychological behaviour.
Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event.
In this chart, you can see the candlestick chart pattern drawn on the...
Hi guys, I am happy that my previous prediction played out very well. This is how I see where price is going from here onward.
There is an obvious downtrend for BTC. By matching this period trend with previous period trend, we have to drop by about 9.35%. That is my target.
If this target is achieved, we can confirm a descending triangle. Then we will see a retest...
BTC and some other alts are forming a bart (ETH is shown), which is similar to the previous pattern. When I said similar, I hate to say that they are identical.
Let's not predict where this is going. I am scalping this range before anticipating completion of the bart.
My previous analysis, which is bearish, is still in effect. If you are trading long term, you...
Today we observed a drop with low volume before being pulled back by the bulls. Bulls tried to push prices higher only to stop at a resistance line. Bears came in and pushed prices down, making an inverted hammer candle.
This signifies a retracement by the bulls but not enough to turn into a reversal. Therefore, the downtrend continues if our inverted hammer...
In coorelation to BTC, LTC, XRP and XLM, there is a significant downtrend. As shown on the chart, the two continuation candles show selling pressure. The two candles also bounced at support/resistance lines, which made them important.
In addition, there is a descending triangle looking to break downwards. Targets are indicated by the yellow arrows.
As shown above, the price action is continueing the downtrend movement in a long term scenario. It has tested the strong support twice. It may retest the support before retracing. Price needs to retrace before breaking this support.
This is also where many retail traders get rekt'ed because whales like to play this range. Please trade support and resistance only....
We have broken past a strong resistance of a descending channel. However, the volume is decreasing. The next day will determine if we can gather enough volume to push further. Else, we will go back into a large bull flag to for a final correction (4) (at .618 FIB) before retesting a breakout.
This is not a financial advise since I am a beginner. I hope someone...
There is about one week until the coming fork. I expect a large price movement within 3 days. Most likely all ETH supporters will FOMO pump. Then again, the BCH pump ended one week before BCH fork and price went south.
