OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
2633 20 31
a year ago
1. It seems we have a strong support at 2000cny, so price could hit 2350 to 2400cny as max. before going down because of the bearish trend (PURPLE dotted line which at the same time is a descending triangle ABCDE - bullish pattern ).
2. Price would drop because of the ORANGE expanding/ascending triangle (megaphone/wedge) - ( bearish ) ABCDE (diagonal). Ending pattern Target: 530cny
3. Once the target is reached, it is possible a candlestick to 317cny more or less due to the BEAR DIV             at the RSI
4. After the bearish patterns are reached the bullish patterns will trigger a rally because of:
a) the LIGHT BLUE Head & Shoulders pattern, Target: 4150cny more or less
b) the PURPLE descending triangle ABCDE, Target: 4988cny more or less
c) the GREEN Gartley pattern , Target: 6300cny more or less
a year ago
Comment: If price goes down and overpasses the lower low (950cny) the Gartley pattern would get cancelled. This does not mean that BTC does not go up but this Gartley would be invalidated.
a year ago
Comment: Caution: don't think BTC is going to 0 in my chart. I have to clarify because there are stupid people like @Fontas that think BTC is going to hit 0 in my chart. Please read.
a year ago
Comment: Hey guys, I published an update ;) enjoy it ;)
a year ago
Comment: My orange dotted line is downer than it should, that line should be drawn higher to 3295 at the higher wick. I did not take that wick but I should have taken that one.
a year ago
Comment: Hey guys, this is my week view updated, taking the candles' bodies from 15m-timeframe
snapshot
a year ago
Comment: Hey guys I was watching the weekly view and there is a resistance very strong at 2950. After that big red candle there is a doji (between this weekend and the next week it could probably range up to retest the last top 2830 and stay into that range before breaking). In the other hand although the candle of this week stays as a doji the next candle could be another doji and that would confirm the downtrend unless the next candle became a big green candle that covered 50% at least of the last big red candle. I would personally like an uptrend to 4000 before going down
snapshot
Comment removed.
Ingemkts EdmundA
a year ago
I don't know what you are talking about, sorry
Reply
IvanLabrie PRO
a year ago
Hi there, might be a nice short indeed.
Cheers!
+1 Reply
Ingemkts IvanLabrie
a year ago
Yeah, It seems dropping
Reply
freeone
a year ago
calling 317 cny ($50)?
+2 Reply
Ingemkts freeone
a year ago
maybe ;)
+1 Reply
freeone Ingemkts
a year ago
Maybe it's possible according to the technical analysis, but this market is highly manipulated and with the halving ahead, i doubt we gonna see 317 cny :)
Reply
Ingemkts freeone
a year ago
I agree, these cryptos are highly manipulated and patterns hardly ever work here.
Reply
johana. it seems good idea. but,i think bitcoin has no future at this moment. all of currencies are crazy at this time. we need to wait for next years.
Reply
Ingemkts PooyaSalehipour
a year ago
why do you think that?
+1 Reply
PooyaSalehipour Ingemkts
a year ago
i totally agree with you. down for bitcoin is sure.
+2 Reply
A6
a year ago
i agree
snapshot
+1 Reply
Ingemkts A6
a year ago
500cny with shadow to 300cny could occur if my prediction works.
Reply
COINLIFE
a year ago
Thanks for the awesome chart!
+2 Reply
Ingemkts COINLIFE
a year ago
Thanks!
Reply
hey, hi. thanks for your work. makes sense. idk, why we're even moving up here. i'm waiting for the pullback. below $100 USD would be a gift!
+1 Reply
Ingemkts workingmanbruce
a year ago
Yeah, it would be for sure :)
Reply
alteredend
a year ago
Nope.
Reply
BuyBitcoin.WS alteredend
a year ago
yeh with all this manipulation, wash trading and fake volume the market maker wants still for BTC to go up. enjoy the bs
Reply
COINLIFE
a year ago
Hi can you give an update analysis? My long term weekly is indicating a new weekly uptrend cycle and new long term updrend confirming this week if it stays up.
Reply
Ingemkts COINLIFE
a year ago
It could go to 2900 but I am not sure for now. But the only point where I could confirm the uptrend is if it overpasses 3800. So this is something difficult to predict now.
+1 Reply
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