Numberfive

Numberfive

Well...Well...well look at Bitcoin it had a nice move but TIME is running out and is not printing a higher high yet and it needs a higher high. By now Bitcoin should be above the $85500 and consolidating up there NOT below $83k. if it keeps in the $80k - FWB:83K range before it reaches the RED vertical line then a test to the recent LOW will follow and most...

Numberfive

We finally are in capitulation zone (SPOT buy area) . New lower low is in place as it was expected . There's still TIME for bears to push prices to the 72k - 73K area but we are due for a bounce within the next three 4hrs candles whatever the drop is that's gonna be the BOTTOM . If we bounce from the $75500 line then the bounce most likely will be short lived but...

Numberfive

Week # 12 just arrived and capitulation with it. Daily downtrend is almost complete . We have two bounce points areas (green shadeds) one for the 1hr TIME Cycle which is about to start and the other for the 4hrs TIME Cycle which will start probably by Tuesday 11th (if not sooner). The 1hr TIME Cycle it won't yield much (about 2k or 3K) cause the 4hrs Cycle...

Numberfive Updated 

Well looking at the price and vol action from the last 24hrs it looks like in fact Bitcoin it will enter a sideways move (shaded area) for the next 4 or 5 days cause bears are exhausted FOR NOW to continue pushing price down but lets don't forget that the 4hrs and Daily TIME Cycles are in confirmed downtrend and eventually bears will go and test the $79k line...

Numberfive

Bitcoin entering in sell zone but looks like the retrace will be small this time as the 4hrs tf move down is losing steam and if so then it will enter into a trading range for the rest of week and part of next one, TIME will tell.

Numberfive

Buy now and sell when bounces. This is the 3rd 1hr TIME Cycle bounce within the 4hrs TIME Cycle trend . No pain no gain.

Numberfive

From the 1hr tf pov a bounce is due just to go and test the $86k - GETTEX:87K area and the pause and once it gets there we'll take another look to see where its next move will be . Lets remember that the 4hrs TIME Cycle is confirmed and eventually we'll see prices below the $80k line. buckle up ladies and gentlemen .

Numberfive

The bleeding will continue. This bounce is just to test the $90k line (if it gets there) but price needs to stay above its Zero line and bounce break and stay above $93k - $94k for the rest of week to invalidate the confirmed 4hrs Bearish Time Cycle but I doubt it cause as of now the power is to the downside. For now every bounce is just to continue lower....

Numberfive

After a nasty drop Bitcoin is getting ready for a bounce but just don't expect much . The damage to the 4hrs and Daily is already done. is already in the buy zone. Lets make some money . low leverage is a must. Don't get greedy.

Numberfive

Well....well....well, not to bad for bitcoin its been holding very well in that trading range but now that we are about to finish the 4hrs Bearish Cycle is TIME to change sides and the next move is up . Any flush BIG RED candle is just to go an rekt all those poor souls with stops below the $93k area and then UP to go and rekt the Bears that entered too early...

Numberfive

So far Bitcoin is doing great from the weekly pov. Weekly downtrend change hasn't been confirmed. We already are in week #7 and weekly candles had closed above $90k meaning bulls are in control of every drop so far. lets see how this one closes. Place your bets ladies and gentlemen and buckle up we are heading to a wild ride.

Numberfive

Bitcoin hasn't do anything yet which is good cause as long as it stays in that trading range with controlled drops while Bearish TIME is consumed bulls still has the upper hand. So for now and the rest of week #6 the move still is to the down side even if price doesn't drop we should get confirmation of trend this week for now the move still down meaning any...

Numberfive

We just closed week #5 and doesn't look good and we enter week #6 where we usually get confirmation of trend in this case Weekly Down Trend if during the week price breaks support of 89K and closes below it then weekly downtrend will be confirm and eventually we will see prices below 80k but if it bounces from above 93k then another test and possible break of the...

Numberfive

Big liquidity pools are always a magnet for price, and now that most of the liquidity zone above $101500 has been absorbed (rekt) while a 4hrs Bearish TIME Cycle is in progress next move will be the $98325 then little bounce just to continue lower but if it doesn't prints a lower low on the 4hrs TF then the weekly trend will resume its move to the Upside. In...

Numberfive

After going UP too fast and furious (which is good) it reached the top of the 4hrs Bullish Cycle but something is NOT quite right, this time Bitcoin didn't take the liquidity that is just above the $101k (red shaded area) and that's weird to say the least. Be careful if starting a short cause that liquidity is a magnet for price so using a low leverage factor...

Numberfive

After breaking the $90k 4hrs tf support we have confirmation to the down side and from now on every bounce from the 4hrs tf will be just to print a lower high until the pattern is broken or the move is transfer to the Daily tf . We are in week #5 on the weekly and so far Bitcoin is doing very good bouncing from every nasty drop. The Daily support is in the Low...

Numberfive

Now that we have a clearly Trading range on going is Time to long again with $101k target. No time to be afraid. As long as the $90k is not breached (eventually it will) the trading range will remain active . Buckle up ladies and gentlemen we are going for a wild ride.

Numberfive Updated 

Now that we had tested the support and hold firm the next move is UP for the rest of week. How high ? that nobody knows but we can speculate that it will continue trading Sideways $90k - $101K . We'll see how it finishes this weekly candle.