First up, I am no TA expert, just my thoughts...
I have been following this chart trend since Feb 18, if it keeps following the same trend, we should see an upward trend change on 25 09 18. This has been a consistent trend reversal date for the past 3 years.
The RSI is in a good place for this to happen and for history to repeat itself.
Long term I am very bullish but at the moment it is too choppy and manipulated.
Lets see if my date comes off.
I have been following this chart trend since Feb 18, if it keeps following the same trend, we should see an upward trend change on 25 09 18. This has been a consistent trend reversal date for the past 3 years.
The RSI is in a good place for this to happen and for history to repeat itself.
Long term I am very bullish but at the moment it is too choppy and manipulated.
Lets see if my date comes off.
Comment:
I think we have reached the top of the pump, currently around 7200. The RSI is overbought on 1hr and 4hr. The shorts have been rekt and the longs are confused. We should now see 5800 as per the original chart. I have just sold out of the trade that I had at 6715.
Comment:
Sorry, missed one of my short term indicators, looks like it wants to push a bit higher, go back to my post on the 28th of 7200 - 7300. The higher it goes this time, the harder it will fall...from what I can see though, this should be the last retrace before the trend reversal. At present it is still following my original TA.
Comment:
BTC reached my descending line, now I think we will go sideways for a while before dropping to the 5,700 -5,800 range by around the last week in September. The RSI is almost exactly following my line. Don't lose faith, BTC has a big future.
Comment:
Still going to plan, we should see a decline down to 5,800 over the next 7-10 days before breaking the descending wedge.
Comment:
Everyone is saying we are about to go down, shorts are at an ATH.... we are going up... and then a heavy drop once the exchanges have squashed all of the shorts.
And there is goes... as I write.
And there is goes... as I write.
This could all change if we get a whale with an itchy trigger finger and wants to push the price down sooner....but I don't think so :)