angus01408

angus01408

looks like if price can break that fib and moving averages , btc might test 12200 area

angus01408

refer to chart.

angus01408

Btc hit the top of the triangle and 20 day MA, RSI also points to a drop. if not, we could go back up to test 11500 around the fib lines, but i am bearish short term

angus01408 Updated 

Possible scenarios.

angus01408

Simple analysis using sloping trend lines from mid last year and the top, 100 day moving average. if you are reading this you should be able to make sense of it, if not please press me for answers

angus01408 Updated 

Possible support found on the sloping trend line from last july, rsi set to bounce up?

angus01408

Possible inverted hammer on the 4 hour, support at 9000 held well.

angus01408 Updated 

Description on chart.

angus01408

4 hour chart A = Resistance shown by .382 fib not just on the 4 hour chart but the daily also B = Support shown coinciding with trend line which started last july Yellow sloping uptrend lines are from july and the green uptrend line was established by the previous two lows last November and this February Looks like Resistance at 8500 USD area and support at 8000 USD

angus01408

Daily chart. Sitting on long term up trend line and .5 fib line. watch for volume increase and a possible bounce up Always watch Bitcoin while trading as it will affect Alt coins

angus01408

has support been found on the fib or will we drop to test lower support..

angus01408

Possible Cup and Handle formation after a break from down trend.

angus01408

After a massive run , Bitcoin found Resistance.

angus01408

Hitting resistance at top of pennant and the .5 fib line keep you're eyes on it

angus01408

I will keep it simple in this update and share an analysis using simple trend lines. The current down trend lines have been established since early January and are acting as strong resistance, as well as previous broken support areas becoming resistance also. watch closely as we creep up to the convergence point of the two current up and down trend lines.

angus01408

Btc is at critical resistance and needs to pass both the fib and down trend line of the current channel. 6500 showed great support and bounced hard, if support is found above 7000 then i may be more bullish.

angus01408

Just played out an inverse H%S on the 5 min 15 min chart. Bullish or bearish. hmm

angus01408

Panic sellers, panic sellers everywhere. weak hands being shaken from the tree of wealth. Bears running rampant but the bulls are fighting back!