ssari

ssari Updated 

I feel that we have enough higher highs and higher lows that we will see the next stage of a bull run but with little follow through. The max I would expect is $7500 before reverting to the next bear trend. If all goes to current trends, I feel we will hit bottom of this BTC downtrend (long term) around the end of October, maybe a bit later (Nov.) based on how...

ssari Updated 

According to the 3 hr candle, we observe a falling wedge, watch for the price to move above the upper trendline. Consider taking a long trade, and shy away from short trades. ETH strong support lines are $270, if this is broken then $262 would be the entry. The decision is obviously related to what BTC is doing at the time.

ssari Updated 

I see btc getting rejected again (3rd time) and hence a strong pullback and as my chart indicates below 6000. As per

ssari Updated 

I think we will be retracing the trend as per May\June. This time round we probably go below 5800, but you can't make such convincing statements as we always should refer to the charts every few days, at most. October or November is when we might hit bottom (if ETF fails) and other BAKKA type of things don't come. I am not convinced the ETF will be successful this year.

ssari Updated 

No-one can really for-see how the bulls or bears mark there entrance or exits. With the assumption that the market is still bullish, the Grey area is where I see it settle for a while and then the bulls will make their move as it gets closer to the ETF announcement date and more positive news out there. ALT coins will just take a back seat and follow BTC tail....

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My thoughts for BTC in the next day and the week. It will drop soon as the bulls volume is diminishing and the head and shoulders is forming, indicating a reversal. Then bounce as the EFT has the market bullish.

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$7500 is a major resistance at this point and the bulls are persistent. RSI is not overbought below 80%, and this sideways trading has been going on for a while. However there is a squeeze happening with a momentum upwards and closer each time to the $7500. I would have thought this pattern would have not last this long and failed to dropped between $7000 to 7200....

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$6800 is the main resistance. There is a reverse head and shoulders. After abit of consolidation and sideways trading, 70% change it will break upwards past $6800.