Saadmeem

Saadmeem

In the daily timeframe, it’s forming a head and shoulder pattern and it’s expected to touch $80 soon.

Saadmeem Updated 

BTC looks too weak in recent days. So it is very unlikely that BTC can break the resistances and move towards 30k. What is likely is that by mid-October Bitcoin will oscillate between 24k and 26.5k. It’s expected to make a new short time low around 24k in the coming week.

Saadmeem Updated 

The market is so weak and just like other coins, BCH is struggling with the supporting trend line which is recently broken and of course, with the descending trend line which seems very strong. I think the pullback is completed now and it’s ready to touch 180$ ~ 170$ area. If the market goes up, BCH can return from this area and attack the 220$ resistance...

Saadmeem Updated 

CFX has lots of liquidity in 0.14$ area which should be collected by the market. So It is far from expected that it’ll experience a massive bullish move before touching this level.

Saadmeem Updated 

From examining the previous price action of CFX, it can be well understood that this crypto is pattern-oriented and tends to act like it did in the past. Therefore, it is expected to soar from this area to 0.45 based on the chart. Stop loss can be set at 0.1345.

Saadmeem Updated 

if there won't be a fud in coming week, and the story of BTC ETF become more serious, it’s expected to see such a Elliot wave! BTC can grow up to 27.3k area, make a correction to 26.5 k, then move toward 30k.

Saadmeem

When there is a strong movement in the price, everybody think that it’s the best time to take a short position. But you are wrong! When the price breaks its very important and long-term resistance, it means it has a high potential to move upper. So as long as we are above the 26.5k level, Bitcoin is extremely bullish. Therefore you should NOT fight with it. If...

Saadmeem Updated 

CFX has experienced a movement in the last few weeks and It seems that it tends to behave like that right now. If so, it is expected to touch the 0.25 area in the first step and then grow up to 0.35 area.

Saadmeem

Bitcoin has been stuck in these parallel channels since 17th Jan! nothing will happen unless BTC breaks the upper trend of upper channel or breaks lower trend of lower channel!

Saadmeem

DXY is pumping, GOLD is dumping and it was expected that BTC see 21000 by the end of the the week! This bullish move isn’t associated to anything! Maybe it’s a trap or maybe BTC has decided to move independently!

Saadmeem

Not only was the important 22,400 support zone lost, but the bottom of the channel is also being lost. The situation is dire! We are crushing to 20,000 - 21,0000 area!

Saadmeem

Apparently, there is no choice but to touch 22,500 area again. Then it can go for 25,000 or it can dump to 21000!

Saadmeem

Bitcoin is already left the upper channel and is currently pulling back to the downtrend of that! So we can expect dumping to the midline of lower channel which is coincide to the lovely support, 22400!

Saadmeem

BTC has two ways to go! Or break the upper level of the blue box and go for $25,000; Or break the bottom of the channel and go towards $20,000! The second is more likely!

Saadmeem

If BTC breaks below this uptrending channel, it will be impossible to reach $25,000 in the near future! 

Saadmeem

BTC is losing the support of the triangle which was important for the short term movement! Should wait for confirmation…

Saadmeem

This is the pattern which BTC experienced before! Unless something special happens, this is what is going to happen to BTC!

Saadmeem

BTC has left this channel and maybe this growth is just a pullback!