Brought down the levels to line up with highest fib retracement
Head and Shoulders forming 40k right top shoulder below 30k neckline
Based off the keltner channel lower kelt is set target here. Price will remain below 3.3k during the year of 2019 as it finds its bottom. ..... This is monthly Chart.. Lower kelt sit 1900-1500....2.4k is -87% from ATH! Just keep this in mind!
As stated months ago when BTC closed below middle kelt trend became bearish.. in which subjected to a bearish market. As ive taught in the past when price falls below middle kelt with a successful close. Target always becomes the lower kelt.. Bitcoin is heading lower... please check passed posts!
LTC hit last weeks high candle then rejected back to this weeks low... Expect further downside to 100 then 85-75 level
So far the Kelts have been in sync with trend. I like the weekly chart for BTC gives it a rather Turing feel and shows the bigger picture. Keltner channels help read here: thetradingdojo.wordpress.com
This formation gave a lot of bulls hope thinking we hit a bottom. Currently still have 100 in view with 75-80 target on a weekly time frame. Fav Crypto time frames are 4hour and weekly bigger picture!
Hello followers :), Ive told myself to update as much as possible on a weekly basis the price action of BTC LTC ETH etc. Heres an update as clean as can be. Ever since we broke weekly upper kelt and closed below we started the downtrend hence top being in around 19k. Key Facts: $BTC hasn't closed below middle kelt since 2015 indicating middle kelt trend is no...
Last time ive updated chart was when we tested weekly lower kelt hitting 6500 level. Now we are almost 100% from that level. My personal thoughts... Long if weekly candle closes above middle kelt. Stay cash if rejects middle kelt. Targets: 1st resistance 13,560 2nd Upper Kelt 16,000 3rd "if" holds upper kelt extends to 24k-26k Give or take time frame...
Weekly showing lower kelt postponed at mid 5k !
Everyone is a bull but I remain neutral because the level headed has no position at the moment
I post my thoughts can either use them or abuse them ... but again its traded the kelts perfectly
When a yearly support trend becomes resistance it then confirms opposite direction. - Weekly has closed below middle kelt - with target to Lower kelt for bounce - Lower kelt is below 6k with range 5980 to 5720
Not holding up so well. Been using Keltner Channels for 2 years on this one. Gave my targets between 5-6k next lows ...
I have no position just my thoughts clear and simple
Keep watching how volume has poured in and drops have been significant.. Argue the fact that for weeks back volume has been light. My thoughts: - Calm before the storm - Volume from January to March non existent now as direction has been picked volume increases down side - huge volume bars are people getting out Big holders - keep. channel in mind
lol to the guy thats an expert lmaoo