SaifSiddiqui

SaifSiddiqui

Clear head and shoulder pattern looks like its gonna go down to 124.782 around this area, calculated from the move from the head to the neckline. If it closes above head then its not valid anymore.

SaifSiddiqui

Alot of lines on this analysis and it looks like too much is going on but that's just because there is alot going on. Coin prices have gone down in the past two days and even bitcoins price fell. It wicked at the top trend line so should go to the bottom next yellow trend line.

SaifSiddiqui

If it goes to 40500 area and wicks then it could go down but for now it looks like its going up, maybe to the yellow trend line.

SaifSiddiqui

If it gets to 1396 and wicks then it could go downwards Or Could close above 1396 and continue upwards.

SaifSiddiqui

If it hits top yellow trend line again and wicks then its gonna continue down.

SaifSiddiqui

If it wicks at the top red trend trend line then its gonna go down. Or if it wicks downwards to the red trend line then it could continue going up.

SaifSiddiqui

If it breaks 10401 then its gonna continue up because of the inverted head and shoulder. Or If it breaks below the head a d closes below there then its gonna continue going down. O

SaifSiddiqui

66700 looks like its gonna go down there for now , but let's see which way the breakout happens to know more direction.

SaifSiddiqui

Waiting for a wick to be on a trend line or support for resistance to see direction.

SaifSiddiqui

I think if it hits the bottom trend line then it could continue going up to 11600 area. If it breaks the bottom and closes below it then it could go lower.

SaifSiddiqui

This is why Facebook broke upwards through the inverted head and shoulder pattern.

SaifSiddiqui

Wait for price to go back to the trend channel, when it does watch for wicks up or down when breakout happens to determine if its a buy or sell.

SaifSiddiqui

Wait for a break out either to upside or downside and then enter buy or sell, make sure to watch out for the wicks to give directionl

SaifSiddiqui

Wait till yellow trend line breakout if it goes towards and closes above channel then it could continue going up. Or If it breaks below the support line and the candle closes below then it could go lower.

SaifSiddiqui

See if there's a Breakout after hitting the bottom yellow trend lines then if there is then could be a buy. Or IF it goes down breaks the yellow trend line then it could go to the red trend line.

SaifSiddiqui

Looks like its going to 12450 then if it breaks the yellow trend ,one then it could go to the lower trend line. Or It's gonna go to back up to the high after theres a breakout.

SaifSiddiqui

If it breaks the low then could continue down if not then it could go to the top trend line and continue up.

SaifSiddiqui

Btc looking good to continue upwards, so far no signs for it to go down. Looks like its gonna go to 20k , not sure by when.