MedK

MedK

I see bitcoin trading in the channel I drew for while. In the short term I see BTC going towards $5,800 and has a higher than 50% chance of moving back down to $3,200 range.

MedK

There is till a chance we could break down bearish again but that's not what I see. I feel like we have broken the bearish trend line for at least the short term. I have entered again on ETC and will exit as soon as I see another bearish movement.

MedK Updated 

Looking at the buyer sentiment, volume and moving averages. It looks like in my eyes that we are going to test the $5500-6000 support level. I'm hoping to put in more fiat at that area, but it doesn't mean we can't drop lower ! I just feel grabbing bitcoin at $5500 is such a discount considering a long term investment. Wish you all the best in trading and be patient!

MedK Updated 

We are reaching a critical point! If we pass the 200 day moving average we can be looking at a Bull Run coming soon! Keep a close eye on the critical point I circled. Hopefully the Bearish market is finally ended and we are heading toward months of upward movement.

MedK

I'm waiting to increase my position on Bitcoin around $6,500. Volume, trend line and 200 day moving average is not looking good at the moment. Buy if we move above the 200 day moving average or if we hit a major support level around $6000-6500.

MedK

Volume and buyer sentiment doesn't seem like it's high enough to move above the bearish trend line! Great buying opportunity if #btc drops below $6,500!

MedK

I don't believe in this little push/recovery today! I still see a overall downward trend continuing.

MedK Updated 

We just broke through the last support level and came back below the trend line as well. Next support level is around $9500! Hopefully we don't go below that but the volume and buyer sentiment doesn't look good!

MedK Updated 

I think BTC will drop $1,000-2,000 or more if it can't get passed this important resistance level! I would jump on BTC and other Alt coins if the #BTC drops below $6,000!

MedK

We have been in a bullish trend for 12 days now! I think the critical point will be passing $13K, if we do get ready for a great ride towards $20K.

MedK

We easily passed through the $9500 and $10,000 resistant levels! Looks like a bull run is coming! Volume and moving averages look good as well, hopefully I'm not wrong on this one :-)

MedK

Looks like a flag is forming, could go up a bit more.

MedK

I have a feeling this is the direction CND is going. If you look at their graph they never have a huge slide down, after almost every correction they have a trend upwards. What impressed me the most is that CND climbed during the horrible past week the Crypto Market has had!

MedK

I feel like the downward spiral has ended, looks like we are headed sideways and hopefully back up sooner than later!

MedK

I see a similar pattern forming for Cardano. If it's correct, it has a chance to steadily rise for 4-6 days.

MedK

Ready to pop?

MedK

I think we are close to moving in the upward direction. XRP looks very bullish in my eyes, a lot of energy building up towards the end of the triangle. I see XRP going over the $3.50 at the least.

MedK

All signs lead to Verge breaking out, could be wrong though. Verge has been very volatile lately.