razorcat

razorcat

Altcoins are haveing death cross (50 day MA cross 200 day MA). Alt coin world is currently collapsing. Bitcoin will follow.

razorcat

On daily time, BTC formed a giant pennant. The decision time is projected around Sunday night 7pm Eastern time after the CME future market open. The incoming breakout can push the BTC either way. In short term, long target is 10800, short target is 9100. However, given the macro bearish descending triangle pattern, BTC is facing downside risk to sub 8k region in...

razorcat

It seems the pitch fork lower line provides resistence for the current price action. Since the price has broke out the pitch fork lower trend line. More downside is inevitable. The current dead cat bounce is just retesting the the lower trendline and got rejected nicely.

razorcat Updated 

The Bear flag in 1h and 4h time frame are broken. Another major dump will resume soon. We may found intermediate bounce at 9100.

razorcat

Bitcoin now is forming a descending triangle similar to what we've seen in 2018. The flat support line is 9100. Given the tripple strong rejection at 13.8k, 13.2k and 12.2k. It's now highly likely we will break the flat support. A savage capitulation similar to the one in Dec 2018 is in progress. We may get some bounce at 8500, 7200 and 6200 levels. A sharp drop...

razorcat Updated 

The bitcoin is now in a really bad pattern. Weekly double top (not set, still in progress). Daily head and shoulder pattern. we may go down to mid 6k.

razorcat

Bitcoin is now developing weekly double top pattern. It's not confirmed. However, given it's strong rejetion at 12.3k. It will be confirmed. This is really bad macro pattern.