xoex

xoex Updated 

I expect a little correction for BTC, Higher highs prices comes with lower highs in RSI. I doubt it will be a deep correction, I expect a correction to 12200-12700. PS : BTC is in a bull trend and I think it can reach ATH 20K easily. PS2 : sorry the arrow placement is wrong :D

xoex

BTC Target after breaking continuation triangle formation Targets are size of triangle, limited by Trend-based fibonacci. also, RSI supported on a trendline

xoex Updated 

BTC move declined at 9400. Huge resistance at 8800 and upper stopped BTC for now. I believe BTC should correct and test both support and upper trend line at 8200. If BTC sell continue from this support line, it should retest 7700, but it's not an option now, we should wait and see what happens at 8200. There's still a chance that BTC retest 9k resistance and reach...

xoex Updated 

In BTC we see a lot of Bart Pattern happen, They all start from a sudden drop (or gain), some sort of consolidation , then a sudden gain (or drop) with almost exact height of last change. This can happen again, and it can raise BTC up to it's trend resistance at 10k-11k. Halving can boost prices too. Wait to see what will happen....

xoex Updated 

if BTC breaks above 9180 level, it can perform up to 9340, But in greater picture, we are in a IHS formation with target of 9400-9500, so after a rest in 9350, BTC can go higher to reach 9500 level. Let's see if this happens... :)

xoex Updated 

There's a strong support at 8600 so probably we'll see a retest of 9121 level. RSI show signs of recovery in 4Hr chart.

xoex Updated 

BTC is forming an inverse head & shoulders. If it can break above 9000 level (as always it can reach next resistance, have a retest of lower support - at 8980 - and if resistance holds, it can go up -- or go straight up ) BTC can reach near 9400 level.

xoex Updated 

Bitcoin formed a rising wedge and broke down it. I think it can go down to support near 9100.

xoex Updated 

BTC is forming a descending triangle, While RSI favors to upside, but the whole formation is bearish. Of course there's a chance that this formation come out as bullish, as this is not exact science, it's probability. Targets if break upside is 9060, and for breaking down is 8440.

xoex Updated 

In hourly chart, BTC breaks falling wedge. It can retest falling wedge trend line, and then reach 9100k (target of wedge).

xoex

BTC may form an IHS in daily chart. if this formation form, and we break 10400 level, we can see 12-13k levels. It's important that BTC don't break below 8200-8300k.

xoex Updated 

Look how exact R & S lines are mapped on Fibonacci levels! BTC broke rising wedge and also formed a Head & Shoulder. I think btc can go down to test supports at 9100-8800-8300 levels. Because I believe BTC is in long term bullish trend, any of these support levels can stop BTC bearishness and BTC resume its uptrend from there and we may never seen for example 8800...

xoex

I think BTC should retrace back to both 3600 support and bottom line of weekly triangle. We are very close to MA 200 and I think it's a great support for BTC. BTC can't afford breaking MA200.

xoex

Hi everybody, First of all, it's true that history repeats itself, but It doesn't mean it will repeat exactly as it was happened before. In this analysis I presumed that BTC bottom will form like its previous bottom, It doesn't mean this will happen because it's happened before. It's just speculation. 1. Top to bottom time : Last bottom was formed about 410 days...

xoex

This is just a quick idea. I think bitcoin can have a little more drop, down to support at 5850 or trend support 6200.