Many trials to break out the resistance had been ended in failure. Is this time different from the prior one? Naaah, I don't think so. BTC needs more fuel. It's still hungry. Anyway Be rich, there are plenty of opportunities for day traders. Keep your SL.
Good signal - Touched 0.618 - inverse H&S-like pattern formed - Keeping the short term trend line(blue dot) from 6202 Bad signal - resistance from 0.5 & 50ema - All ema is over the present price(at 1H) - bearish divergence - nearly bottom of the short term downward channel Keep your SL strictly
I'm a BEAR, but this is the very best scenario I've got. This imaginary path for the BTC needs bunch of good news & fomo. But I don't have any good enough news for now. We need numerous fuel for the trip to the Moon. Good Luck. XA/AB is not just fit 0.618. XD
It looks like BTC keep this trend line, so if BTC would keep this line, the end of the junction is near(RED BOX). In other hand, if BTC couldn't support this line, it would fall down to the support line of the falling wedge. I think the pump from 6100 to 6549 came from the CBOE or patterning a triangle. It's early to feel safty. Keep yoour SL. Good luck.
Falling wedge is still dominating. BTC needs more powerful buying power. Pattern doesn't show any definitive upward signal yet. Keep your SL strictly. BTC is just in the middle of the wedge. It could be a triangle bottomed $6000. So some of us are starting to buy BTC because BTC touched its bottom($6000 area). But I think falling wedge is more reliable to...
Some guys are buying BTC or Alts at this support line. The other guys are just waiting for the obvious bottom for the next bull run. In my opinion, this price area with this kind of serial lower lows is very dangerous to buy something. Brave man those who buy at the panic could be a winner, but I'm not sure we experience the really panic. In my own case, I'm still...
I just want to talk about three trend line & bearish divergence. As you know 4h chart show clear bearish divergence. Many guys are warning us the drop with this bearish divergence signal & the top location of BTC's trend line and so on. Anyway, I think BTC is still quite a bullish, so BTC would try to break out the long term & yearly down trend line. I guess. Now...
Resistance lines that I see in my chart Every one is strong resistance. I think. Anyway, I see some possible hidden bullish divergence. Buying power is still strong. But volume is rather suspicious. So, if you want to buy something now, keep your SL. Let's see.
BTC -0.49% has fallen down to 5858 from 8506. and it has been bounced up to Fib 50%. it's just above 50ema and just below 100ema. I wonder BTC -0.49% could reach to its 61.8 bounce up where is just around downtrend resistance. If not, BTC -0.49% could fall back to its wedge support line. At worst, all of this was just a bull trap, we would fall back to 5K.
EOS is standing at the most importance point. Several good news about air drop and dapps are good for its direction. But, EOS cannot make its own way independently from BTC. I think. If EOS USD fails to break out this resistance strongly, it would fall down to its support line($4.8). The worst scenario is to be dumped to its 1.618(app. $2.7) Every thing depends...