farhadmehdipour

farhadmehdipour

The BTC is touching the bottom of it's lifelong logarithmic channel in the weekly time scale. If the price breaks down, 37-30 K is possible. Even 18-20 K may be seen!!!!

farhadmehdipour

The BTC has been in a down trend for a pretty good time. This descent started from Nov 9-10 and since then BTC has lost half of it's value. In this logarithmic weekly chart we can see what has happened from Aug 2011 . As you see the price is near the bottom of both the red short term yellow channel at about 32 K and the yellow mega channel at about 29-30 K....

farhadmehdipour Updated 

The BTC has lost the support of fibo 0.50 level and is rallying down toward 0.618 fibo level at around 27000. if it looses this support we have other support lines at around 19000 - 20000, then 17000 ( fibo level 0.786 ) and 12000-13000 which is on the lower red support line. As we see the stoch is in the oversold area so it is possible for the price to change...

farhadmehdipour

Back to the longer channel and having a pull back, it seems to me that the BTC may go upto the top of the channel to a high of about 84 K if it can pass the 0.23 level of the fibo.

farhadmehdipour Updated 

Breaking down two support lines, is it going to reach the clouds or the lower support???

farhadmehdipour

Lower high, Lower low. how long? that's the question.

farhadmehdipour Updated 

As you can see BTC is moving into a more horizontal channel. Is it really going to get a downward direction???

farhadmehdipour Updated 

The Cardano is going down. where does it stop? will the floor of the channel or clould stop it somewhere around 1$ ???