BTC continues to tighten in the daily equilibrium as both bulls and bears remain patient. With a bull break we look to 7k and the weekly lower high of $7,400. With a bear break $6,000 should be tested. We are looking for a break either today or tomorrow and this morning the bears are starting with a bit of momentum. Multiple tops on the 4 hour show a rejection from resistance at $6,640 which led to the shift in momentum. If we break the daily EQ bearish we will lose the higher lows on the daily which will result in a new weekly lower high being set. Every day that goes by we get closer to the weekly pattern breaking, and now is the time to be paying very close attention because all the action can come out of nowhere one day.
no end of bear market in sight. See you @ 5 500 soon. Bulls lack a meaningful catalyst to break out of the bear spell.
InvestingScope
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Our perspective is neutral within these bands but still bearish overall. We are aiming at 6100.
TheAlphaTrades
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Looks weak. We may be headed down further
Love your work! Keep it up
I discuss the bullish scenario of BTC over the next quarter | Short-term targets | Monthly closing
Bitcoin analysis October 1st, 2018:
piresbruno
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Seems to be working in a weekly inside bar.
jerry2000
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I guess ripple will follow bitcoin either bullish or bearished, like it would be leveraged... Thank you for the reports, I can not join membership, page says only a few members a day are taken in?
@jerry2000, The TA seems to be ok, but I've complained to Dan multiple times about not being able to register and or technical errors in the page while trying to. ABSOLUTELY NO RESPONSE. This doesn't really match the positive feel good attitude that he normally gives. I think that they are truly overwhelmed, hopefully with success. West Texas Capital And Mitch Ray have Patreon/ Twitch groups to check out if chart guys doesn't get their stuff together.
xtreme3362
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@lightloupes, If you buy their courses they will let you in. They don't want a bunch of ppl in the group that don't know the basics before getting in. The group is great once you get in. If they let 1000 newbies in overnight it would be total chaos.