s-h-o-c-k

s-h-o-c-k Updated 

It's a bear market, but we can't go down like a rock, can we? We have to give the buyers some hope not to scare them completely away, so we can expect a reversal leading into a bull trap very soon. Watch fib 0.786 zone and RSI closely for reversal signs which could lead to breaking up from the bullish falling wedge. This could take us back up as high as 170...

s-h-o-c-k Updated 

LTC is currently falling down from the bear flag and is heading towards strong support where it is looking to break up from the bullish falling wedge. RSI is heading towards oversold. A short reversal seems very likely, watch green box and RSI (red circle) very closely. This would be counter trend trading, be careful, we're still in a bear market, this is still a...

s-h-o-c-k Updated 

Possible retest of 6200 zone after breakdown from descending triangle. Watch these level for a reversal pattern.

s-h-o-c-k

I expect us to slowly move down the trading range where you will buy the bottom of the channel and short the upper region, then a final push up before we will be breaking down heavily to 6000$ / 5000€ region where everyone is expecting a reversal. Depending on selling power, we might go even lower.

s-h-o-c-k

If we continue on this path, I expect BTC to bounce from the linear uptrend line at ~3200k in June, which will be a ~85% retrace from the all time high. Green zones will act as support / become resistance zones. Fractal from 2014 / 2015 bubble is the base for this idea; will adapt idea if price action...

s-h-o-c-k

Price just broke up from the double bottom and through the resistance with force! Would you go long in this setup? I bet you would! Unfortunately, that's the inverse BTC chart. If you are bullish here, are you still bullish on BTC? Bias is a dangerous thing. It might be time to take a step back and simply accept the fact that we're in a bear market where there...

s-h-o-c-k

This is how it could play out. New to TA and no professional trader, so take it with a grain of salt. No financial advise, obviously.