Tone_LLT

Very Hard Time to Pick Short Term Direction

BITSTAMP:BTCUSD   Bitcoin / Dollar
883 11 6
The momentum legs from the $275 low have been taken out. There is a clear Support / Resistance Horizontal channel identified by the Fibonacci's. The RSI and MACD are right down the middle and no one know what the make of the FinCen & SEC news.

Waiting for a break down under $340 or a Breakout over $365.
mike.lewis.ULV
2 years ago
Were going up :) Bears are pissed, shakedown didn't go well for them. Honestly I haven't seen BTC look this strong in a really long time.
Reply
Tone_LLT PRO mike.lewis.ULV
2 years ago
I wrote the same thing 10 days ago in the following article:

"Regular readers will recall how a few weeks before the big drop to the US$200’s, it was stated in this series how this was the scariest charts have looked in a long time, well now we have the complete opposite. Sitting right here on the verge of breaking back above US$400 is the best charts have looked in months."
http://cointelegraph.com/news/112760/bitcoin-analysis-week-of-oct-19-intro-to-macd

After the fall last week I am not as Bullish, it needs to turn back up quickly or new lows are possible.
+3 Reply
Papa mike.lewis.ULV
2 years ago
strong? we are in a bearish market, bitcoin is not going up since the higer prices doesnt justify is current performance in the market.
+1 Reply
mike.lewis.ULV Papa
2 years ago
ya ok buddy
Reply
mike.lewis.ULV mike.lewis.ULV
2 years ago
BTC 1k by black friday then huge dump
-1 Reply
Maddie mike.lewis.ULV
2 years ago
;p ofcourse haha
Reply
mike.lewis.ULV mike.lewis.ULV
2 years ago
Geez I wonder if BTC is going up? ltc/btc going down?
Reply
IncreaseMyT mike.lewis.ULV
2 years ago
I will make sure I come back and remind you guys that you gave me negative points for saying BTC to 1k by black friday, when BTC is 1k by black friday.
Reply
Tone_LLT PRO IncreaseMyT
2 years ago
Please do, i hope it does, but you will see me apologize to all my article readers if it's even above $500 by then... I don't see it... there is just not enough demand right now. Unless some major EU country decides to have a bank holiday where they confiscate assets, i'm still a kind of bearish on btc.
Reply
MsaqibC
2 years ago
Dude... so much analysis on a simple thing. just read the price. Momentum is consolidating for another slight drop towards 330 area, where it is a high probability BUY for bitcoin up reach 566 area ready for a big drop south. :)
Reply
Tone_LLT PRO MsaqibC
2 years ago
Haha, it's not that much, each comment on the chart is added with time cause it's the same chart. BTC is too unpredictable long term so i'm looking at it just a few days in advance.
+2 Reply
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