UmairEjaz

UmairEjaz

BTCUSD could possible move above to test higher resistance and see if it breaks

UmairEjaz

This is looking more like extended wave and has possibility to be bullish

UmairEjaz

BTCUSD is forming a triangle and price is getting squished but it wont last longer price will dump down to golden zone which is around 7k+ area

UmairEjaz

BTC might be doing the ugly wxyxz correction as usually does ... final target is possible 7k

UmairEjaz

BTC is at the phase of profit taking simply because we have such a parabolic run up.

UmairEjaz

we all know how BTCUSD has been destroying hopes for bulls since the fall of 20k well then here is another M sign coming up just like that where peoples are hoping it would go to 5.7k there dream are most likely to be crused and the whales will step in to do there dirty work also the signs on RSI and MACD are clearly going towards bearish.

UmairEjaz

BTCUSD final pump before we hit the over head resistance at 50 ma on weekly there is a chance to break it but unlikely if we failed to break it would dump down to 200MA weekly. there is chance that ALT COINS MIGHT PUMP DURING THE BTC RETRACEMENT PERIOD SO KEEP AN EYE ON THE ALT COIN MARKET THAT WOULD BE THE MARKET INDICATOR FOR ACTUALLY STARTING A NEW BTC BULLRUN .

UmairEjaz

BTCUSD as we all know is doing boring sideways action but thats about to change soon as we would possibly see 12k by december 22nd... soo watch out bears you all might be going to get rekt soon! note : this is not a financial advice this is my theory ...

UmairEjaz

BTCUSD is setting up to do another bullish move in coming days preferably targets are 6800 and 7200 in which case 7200 being our 200 ma on daily we should see how btc follows ... need to watch for 6800 resistance as it could drop btc back down which would be bearish.

UmairEjaz

BTC is forming a mini 4 hour decending triangle which has possibility to let BTC retest 6.6k if btc successfully bounce we would move up and break 7k

UmairEjaz Updated 

The diamond is looking pretty similar although the current diamond is alot bigger then the last one is this mean we would move up? time will tell

UmairEjaz

BTCUSD as we all know the sideways action hero currently battling with the resistance that is acting as lower high we can see that 200 ma on daily is infact getting lower as the price is getting sideways currently its resides at 7300$ in the past we havent manage to break that resistance but since its now getting lower it might be possible that btcusd will have...

UmairEjaz

BTCUSD has a potential to drop to 6.3k volume is getting lower and price is getting higher on 4 hour it looks bearish

UmairEjaz

AS we can see the formation of the btc movement since the last 60 days its been higher lows and lower highes which is an indication of a possible symetrical triangle so it is inevitable that we would breka on either side soon and wont be going sideways for long my asumption is on the bullside although bear side is also likely possible.

UmairEjaz

BTCUSD unless we break to the new low below 5700 this idea is much more valid .. we are forming symetrical bullish triangle on higher time frames since our drop from 10k and we are going sideways in heavy acumulation zone now the point is pretty clear either we would see a move up and break the 200ma on 1D to support this theory or complete drop down below out...

UmairEjaz

we have crossed weekly bullish macd since broken down jan 2018 it rarely happens and now we wait once 200 ma on daily is broken there is no turning down all the bears will get rekt!

UmairEjaz

BTCUSD seem to be moving sideways with possible price action to the bottom to retest 5.8k support

UmairEjaz

BTCUSD seem to be making a symetrical triangle with bullish intentions and may go more sideways for another 24 hours before seeing a move up to try breaking the 7.8k range but watch out for the zone of 7.4k breaking that would make the triangle invalid .