fadi_taqieddin

fadi_taqieddin

is the bull trend potential saved by this $37 from a lower low, which would invalidate the bullish count of a trend change.. i believe this weekend may reveal important direction of trend..

fadi_taqieddin

looking at the 1 hr chart and trying to figure what has happened so far from a Fib perspective.. Summary : i think it looks like an impulse down that is about to finish with a 5 wave going to the down side. yet the bullish potential of having a deep retrace for a bounce attempt is still not invalidated as we bounced off the 0.786 so far. my fib analysis for...

fadi_taqieddin

decreasing volume.. price is squeezed between 21 EMA and 100 EMA.. breakout soon.. where r we going? i think it is heading down to test a lower low.. with the confirmation of a bear flag formation.

fadi_taqieddin

now for the 4 hr chart.. a potential head and shoulders could be forming which would take the price to the $9K neighborhood again.. we have a volume gap to the $9K that was a previous strong resistance multiple times if we confirm with volume the head and shoulders (watching out for the break of $11900).Also, if we hit the 9K region it would be a 50% retracement...

fadi_taqieddin

short term chart ( 2 hr) if the inverted head and shoulders pattern forms it could pump up to $12400 range. the break of the inverted head and shoulders could be the wave 2 of the down trend i am still watching ( which id the 618 Fib level) and previous resistance and 1,272 of the initial wave up ( comon wave 3 target)..

fadi_taqieddin

BTC biggest resistance is coming up in the few days.. my 2 satoshi on this.. for those discussing the head and shoulders pattern, even if it plays the strong historical trend line is a big barrier to consider , and the low volume and market strength. Also, technically the down trend TA has many many counts or theories that we r not done yet. still some eager...

fadi_taqieddin

my 2 satoshi on this.. for those discussing the head and shoulders pattern, even if it plays the strong historical trend line is a big barrier to consider , and the low volume and market strength. Also, technically the down trend TA has many many counts or theories that we r not done yet. still some eager young traders in the market, responding with a market...

fadi_taqieddin

BTC short term bull fractle road map for the coming two weeks.. this is how i think a bullish scenario might play, not for getting we are still inside the large channel and this sure looks like a bull flag. bullish short term, bearish long term.. yet waiting to see it evolve the coming few weeks.. happy new year all

fadi_taqieddin

if this is a possibility.. then it is a clean bull trap, which will spread dispare and disbelief in the crypto on the short term..