hokask

hokask

The stock marked bounced hard after the dump, including bitcoin, but even with that big bounce the trend has not changed and we are still gonna continue downward, I see no reversal in weekly heikini ashi, and no sign of macd slowing down either. Im looking for a retest of 3.8k at the very least before we see a sign of reversal.

hokask

Whenever we are in a downtrend you tend to see these dead cat bounces, I need to see more confirmation for the reversal, this is in my opinion nothing more then a dead cat bounce. Entering now in my opinion is a gamble.

hokask

This could be a dead cat bounce and we gonna continue lower.

hokask

Bitcoin has never in it's history ever been through a recession, bitcoin was never supposed to be a hedge against the stock market against popular belief, ever since the 2008 financial recession, the stock market has followed a bull trend for over a decade, bitcoin has just followed the trend with more significant returns, if the stock market keeps dumping and the...

hokask

As the coronavirus continues to spread, the stock market along with the cryptocurrency market is going to continue it's downtrend, I would advise to not buy a falling knife and wait for confirmed trend changes, I drew this channel and I think this might be the case.

hokask

We got one of the biggest crash of the history of bitcoin, we got support from 300 weekly moving average, I was sleeping and I could not catch this dump, but I would wait for a trend change and not buy a falling knife. My favorite method of seeing reversals is looking for doji candles using heikin ashi and looking for bullish divergences. And due to coronavirus...

hokask

Coronavirus has caused too much fear in the market, but Im afraid that this trend may last for a long time, our growth curve indicator broke badly for the first time in history, unless we get a weekly close above this, this indicator is now useless, our next ideal support is 200 weekly MA, but with the coronavirus threat I think this might the fist time in history...

hokask

People are really scared, I would do the opposite of the herd and buy it.

hokask

WE JUST RETESTED THE BREAKOUT

hokask

I predicted a crash to 7600k, I would go long at this point as we have touched the growth curve, cme gap is filled, looks like we are ready to launch to the moon.

hokask

Looks like we might be beginning to change the direction, the weekly heikini ashi is starting to form a doji, which usually is a change of momemtum to the opposite trend, plus the weekly stochastic is also starting to turn, the weekly macd is still bullish, but I would take it with a grain of salt. Altought we had many golden crosses, I do expect us to pump, but...

hokask

We got stopped out at the golden pocket, can we reach the next stop at 7600?

hokask

If we were to flash crash to 7300, we could potentially create a massive head and shoulders that should kickstart the real bull market.

hokask Updated 

What if this is flipped?

hokask

MACD - Bearish cause of divergence, but can change. Stoch RSI - Bearish RSI - Bearish cause of rising wedge and near apex Price - Bearish because of rising wedge which we have not broken out of yet Funding Rate - Bearish Not yet reached golden pocket - Bullish As of right now, the bearish signs outweights the bullish cases, the risk to reward is not good enough...

hokask

We have a weekly cross in the MACD and this is critical support, I doubt we will break this level.

hokask

I think we have reached swing high, but I would not be comfortable shorting this when we are in a clear uptrend, need more confirmation.

hokask

Im buying