It is just a downward market unless BTC completes some minimum conditions. of course, we can enjoy any good bounce like this with tight SL. Good Luck.
Before we try to breakout the yearly downtrend resistance, we have to breakout the long term uptrend line as a resistance. In my chart, the resistance is at around 7450. And 100 ema is also stay there. Now we are quite a good bull(?) run and some of us are willing to prepare for party now. That's O.K. if you keep your stop loss strictly. I think BTC could choose...
How can we find the bottom of this market? Every guy has his own trend line, pattern, ratio, etc. Then, how can we find out the bottom of this market? There's no answer. I think. Only few of us could get money with his or her luck. We don't predict the mind of MM. *** Don't take this seriously.
Quite a good bounce. Bulls come back? Bull are with us? Nah, I'm not sure. 7000 is the best scenario which I got. Main trend is not that easy to be conquered. I think. We need huge news for that. Anyway, If you hold BTC or ALTs, I just wanna recommend you to keep your own SL. Good luck.
Are there any bulls in this market now? I'm not sure. Personally, I think all of these pump to 8500 was just a bear trap. Triangle & possible falling wedge has been detected. Lets see whether BTC could reach 6900 or not. Good luck.
Possible bearish cypher to 6900. Let's see if BTC could go to there or not. It's just on the middle of the falling wedge. Be careful your trade. BTC can go up or down. zzz
Does BTC keep its yearly resitance & support? In case of this, do we have to prepare another dump which is smilar to that of May's. Does BTC keep its optimistic support line? In case of this, do we have to prepare for another jump? Does BTC keep its long term uptrend line? In case of this, do we have to prepare somewhere around 4K? I don't have the answer, of...
Just a piece of casual thinking I guess. Whales unit price is somewhere around ZERO. Miners' unit price is somewhere around 3K. There's no bottom in this market. Keep your stop loss.
- Rising wedge to 6800 - 200ma at 7100 - next target should be at least 7150 Many guys are still dreaming the Moon dream. I guess, this market didn't experience the real panic yet. When we find many threads here that saying good bye, we finally can go to the Moon. I guess. Whales are greedy just like us. zzz Anyway let's keep watching.
1. I don't wanna be a bear. 2. I don't trade margin. 3. Potential bearish bat 3-1 D is just above 200ema = good signal for long 3-2 But it would fail to make a HL. 4. Then, we are still in the down trend. *** Keep your stop loss Good luck
In weekly chart - Forming a falling wedge & failed to breakout its resistance - 50ema act as a strong resistance - 100ema act as a support line - 100ma is below the falling wedge(5000) - 200ema is far below the wedge(3800), but it is adjacent the long-term uptrend line. There could be a panic sell when $5200 support line collapse with big red candle breaking...
Yearly downtrend, Bearish Cypher, Bearish abcd, Ascending broadening wedge... Many things shows continuous down trend to me. = sudden strong upward to 8K? zzz Keep an eye on daily candle. If BTC could not break 6573.8 and then BTC closes today's candle with red candle, it would make a falling three methods. Yeah. It also means continuous downward. z Good luck.
If EOS USD is forming a falling broadening wedge, it would test its support line and then makes an upward trend with somewhat strong break its resistance line. In that case, EOS USD would fall down somewhere around 4 or even lower.