vvezzola

vvezzola

BTC didn't manage to exit downtrend yet, we probably need to go down a little before a new trial

vvezzola Updated 

It seems BTC finally managed to exit the downtrend line from ATH. Now is testing the line as support, if it goes up again from here we can say it's the start of a new uptrend

vvezzola

After a strong rise BTC initiated a lateral movement in a pole and flag formation. As for TA we may se a breakout up in the next hours. The only problem I see is that volume is costantly decreasing

vvezzola

I think we may exit from the rectangle this way

vvezzola Updated 

BTC didn't manage to exit the channel and crashed in the middle of nowhere. If it's a big position liquidated from a drunk trader it's a sign we will go down again, if it's done for catching stop losses it's a sign that big investors think the price will rise and don't want to share profit with too many traders. Personally in these days I think the price need to...

vvezzola

As sometimes happens with BTC, it crashed down in the middle of nowhere and what it looked as an inversion of downchannel now looks as a bulltrap. Don't see any position to open at the moment.

vvezzola

BTC is trying to invert the downtrend channel. If it will not break we will probably see a leg down in the trend or a lateral / compression movement for some time.

vvezzola

BTC is at a critical point. Are we out of correction or not?

vvezzola

Looking at the daily candles I identified a pattern in the downtrend. After the false breakout of the last days, if the movement are respected, we may see BTC touch $ 1500 in mid march, before rising to 5800 trying breakout again April the first. Is it an april fool's joke? Who knows, anyway just sharing my idea, let me know what you think about.

vvezzola

The fall of BTC is less vertical now. We may see some oscillation today and then probably another radical movement down until the price of BTC becomes attractive for everyone.

vvezzola

BTC will not complete H&S and is going down quite fast. Let's see if the support at € 8300 is strong enough, but I think we will see a test lower at € 8150. If it goes like the last time we will se a bounce. Dangerous zone for opening any position.

vvezzola

There is a reverse H&S forming, but also low volume and other contradictory signals. Best option now is to wait and see if the market takes a clear direction.

vvezzola

BTC is resisting in the 8400 area, there is a chance that it goes down to 8000 where there is another support, but I don't expect lower than this.

vvezzola

I see bulls to weak in this moment to let BTC rise again. There will be another one or two leg down before we can se a steady rise.

vvezzola Updated 

After an interrupted rise the Bear won a battle and we've seen a strong down movement to the support at 10700. We see a rise at the 11200 resistance. I don't see much volume at this point and maybe we will need another leg down to 10700 before surpassing 10700.

vvezzola

BTC is compressing in an ascending triangle, will this be the right time for surpassing 11600 resistance?

vvezzola

LTC has done a great rise in the last hours, seems to have found a new support/resistance interval, I expect a rise to $ 250 in the next hours

vvezzola

Didn't touch 11700 resistance and is heading down to 11300, let's see if the support at 11300 will resist.