divan1004

divan1004 Updated 

Bright side - Possible ascending broadening wedge to 7K - hidden bullish divergence - EMAs good line up - strong support by the Past pattern Bearish sight - Bottom-like atmosphere - Stoch RSI needs to cool down - Strong resistance from 6K - Bearish scenario still shows 2K So, I just keeping my hands in my pocket. Take your own risk & get some money. Good luck

divan1004

Personally, the old falling wedge has significant meaning to me. BTC keeps its price above the wedge's resistance line and it turned to be the support line. It's encouraging situation. On condition that I say bull's back. 1. BTC needs to keep its price above the long falling wedge resistance line. 2. BTC needs to breakout the hostile zone without any huge fall...

divan1004

BTC need to break out the yearly old resistance(red line ; falling wedge) and keep the price above it for trend reversal. If BTC formed an IHS pattern and it made to break out the neckline, BTC could reach its target, app 7000. BTC is standing on the 200D MA now and it's good signal for the bulls. Can BTC make 7 green soldiers? Let's wait and see. I really hope...

divan1004

I have very bearish thought on BTC. But, at the same time I see the some looking good hints for trend reversal. 1. BTC made the historical low rsi. But the hidden bearish divergence is still remaining. 2. IHS pattern is forming its right shoulder. If BTC break out the neckline(app.42XX), it could reach 5K and the even higher. But, why ? I don't have plenty of...

divan1004

BTCUSD is standing on the rather reliable trend line now. BTC made a break out the long term falling wedge resistance. The resistance line turned to be the strong support line. I guess. Some possible patterns noticed. Can it goes up to 5300 and then to 7000? STochj RSI needs some cool down. Anyway prepare for the worst. don't all in what you have at this time. Good luck

divan1004

There's no evidence for the trend reversal now. BTC has been trying to breakout the 120MA for several times. Is this time different? Good luck

divan1004

Reached to the previous support line(falling wedge's support line = now turned to the resistance line to break out) Reached to 120MA : if BTC get strong support by 120MA, it's possible short term target would be FIB 1.618. Or else, we would see another LL. Take your own risk & good luck.

divan1004 Updated 

2 opposite thinking 1. symmetrical triangle formed and BTC breakout its resistance = more up to 3.8k? 1-1. EMAs stand in line 2. BTC looks like it doesn't show strong & significant signal for the trend reversal. 2-1. 0.886 is around 2.3k = more price down occurs? 2.2. possible bearish shark 2.3. MM keeps drawing their chart as usual. Good luck

divan1004

4H : Hidden bullish divergence 1D, 1W : Hidden bearish divergence Where does it go? Just under the previous falling wedge support line(now it's resistance line) 0.618 bounce from the last drop ≒ technical bounce ≒ continual downward trend Anyway, EMAs are looking good(4H). 4100~4200 & 4400 will be importance range to break out for BTC. Good luck

divan1004 Updated 

- 0.618 bounced up from the last drop(fr 4,239) - "failed" falling wedge's strong resistance is still hostile = On condition that BTC would keeps its price above 4300, there might be some hope for the trend reversal. or else, we'll see another lower low. Anyway, there was a quite good pump, I hope it won't be the last spaghetti in front of the orphanage. Or...

divan1004

looking good symmetrical triangle. Declining volume But hard to know its future direction. Let's see where does it go.

divan1004 Updated 

For my own note. BTC looks like bad yet. Possible Bearish cypher to around 3980. When it fail to goes up to 5500, it eventually would falls down to 2300. I hope you are doing well. Good luck.

divan1004 Updated 

Falling wedge has been broken. BTC reached its 0.786 retracement. And its all time support line has been broken. MM want to keep BTC go higher? Then how far? Many guys say that BTC would go down to 3K or even lower. Yes. It's possible. MM holds almost every BTC which average price is near ZERO. I think. Why not $450? But they are greedy just like us. I don't...

divan1004 Updated 

Symmetrical triangle has been failed. I can see many guys tears now. But don't panic then buy your coin again at the lower price. Falling wedge is still dominating. Volume shows it's not the time to launch yet. These days BTC is forming a double top pattern and it's possible bottom is $4800. But the falling wedge is still strong and it looks like fall down to...

divan1004 Updated 

BTC is just at around the center of the linear regression line. It's hard to find BTC's direction now. Just wait for the huge volume to either way.

divan1004 Updated 

For my own purpose. close to meaningful resistance.

divan1004

On my chart, BTC is staying above the downward trend line(Red Bold) of this year. Volume is still in the lower area, so we need to wait for the confirmation. BTC has been bounced up at its 0.618(from $6211) and it try not to break its yearly down trend line. On 1hr chart, we can find out some bullish & bearish divergence. Now we are at the bearish divergence...

divan1004

My personal purpose. Looks like OMGUSD trying to breakout its pattern. Let's keep watching. Good luck.