Really bearish IMO. Consecutive red dots with two weakness arrows printed. Not good for bulls for sure.
Almost copy/paste of BTC . We had a few attempts this week to lead the market, but it quickly faded. The weekend should be calm like the last few weeks.
On August 19 we break track line with bearish bars, red dot and weakness arrow. Since that consecutive red dots below and below track line as well. I can see a double bottom for now.
Confirmed Reversal Below Track Line (High intensity) 🔴 Dots Red Trend Bar
As I said before, if you put Emotions/Feelings into your trading, you will fail. Financial markets don't work that way and never have. Be Safe 🙏
Track Line (Low intensity) No Dot Green Trend Bar
No Dot Green Trend Bars Below Track Line (Low Intensity)
Squeeze breakout 🔴 Dot Weakness Arrow Below Track Line (high intensity)
Stage 4 still in progress with no signs of strength. - Confirmed Reversal - 🔴Dot - Squeeze Breakout + Weakness Arrow - Red Trend Bar - Confirmed Reversal - Above Track Line ( Hight Intensity) - Above EMA 500 Testing Resistance zone with no signs of strength. For now all red.
Stage 4 still in progress with no signs of strength. - Confirmed Top - 🔴Dot + Red Trend Bar (bearish) - Fake Squeeze Breakout followed with a Confirmed Reversal - Squeeze Breakout + Weakness Arrow - Below Track Line ( Hight Intensity) At this moment we saw a dead cross between EMA 55/ EMA 200 and EMA 500 acting as a Support. For now all red.
No good news to Crypto Market. With all that is happening in the world at large, one could not expect anything else. Stage 4 in progress with no signs of relief. I can see a possible pullback to $23.3k ish and down again.
- Resistance TL bounce - Track Line broken (high intensity) - Golden pocket - RSI support trend line
After a nice stage4 with a nice 16% drop, is time for accumulation (stage1) until next move. The range for this stage should be between $20k and $19k.
As far I can see this is not over yet. $19k ish still my target. - Confirmed Reversal - 🔴 Dot - Bearish trend bar - Track Line turns red - Track Line bounce -Squeeze breakout + Weakness arrow
Quite honestly I don't see any signs of reversing the current downtrend situation. Maybe a pump of relief and down again. This can take weeks or even a few months. Let's hope for the best but given the current situation in the world, at all levels, I have my doubts.
Stage 4 in progress atm. Now we're reaching 2017 Dec. ATH. Never the less keep in mind that BTC Futures gap. Don't get me wrong guys. What I really want is a BTC pump and not this. Never fight against markets. Follow the 🔴 🟢
!!This is the moment!! Can we hold?!? - Confirmed Top - Confirmed Reversal - Red Micro Dot ( bearish ) - Confirmed Reversal - Squeeze Breakout + Weakness Arrow Signal - Weakness
!!This is the moment!! Can we hold?!? - Confirmed Top - Red Micro Dot (bearish) - Fake Squeeze Breakout (squeeze + reversal) - Squeeze Breakout + Weakness Arrow Signal