This is the 30 min chart bearish signals continuing for BTC .
MACD ready to tank!
Keep an eye out for this formation on the higher time frames!
Here is a head and shoulders which is a reversal pattern from a up trend.
Further TA supporting the collapse of bitcoins price, which coincides with
the bearish point of view with other charts that I've released for BTC
recently. The head and shoulder pattern possibly looks like a breakdown to the
$7800 range. Anyways, it's late I'm going to keep this short. Good night
people.
Please show your love that why I do this! Drop me a like much appreciated!
MACD ready to tank!
Keep an eye out for this formation on the higher time frames!
Here is a head and shoulders which is a reversal pattern from a up trend.
Further TA supporting the collapse of bitcoins price, which coincides with
the bearish point of view with other charts that I've released for BTC
recently. The head and shoulder pattern possibly looks like a breakdown to the
$7800 range. Anyways, it's late I'm going to keep this short. Good night
people.
Please show your love that why I do this! Drop me a like much appreciated!
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4th wave heading down!
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Here is it again in the 1 hr charts!
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Here is a view if the head and shoulders pattern forming in the 4 Hr charts. Notice the right shoulder encompassing the rising wedge now. If this wedge breaks down it should verify the head and shoulders in the 4 Hr time frame then likely we will start to see it clearer in higher time frames. Although if it breaks up it would invalidate the head and shoulders.
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Here look at the battle of support turned resistance.
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Everything shaping up nicely!
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This picture here is from the 4 HR.
The right shoulder was able to be moved to rising wedge.
It also looks like that wedge was just broke to the downside
as predicted. Check back regularly for new updates to ideas
The right shoulder was able to be moved to rising wedge.
It also looks like that wedge was just broke to the downside
as predicted. Check back regularly for new updates to ideas
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Oh yeah I added what I think will be the next channel in yellow trend lines you cant miss em! let me know what you think...
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Keep in mind that purple cross over is coming on the Holy Grail indicator. That cross over is the most powerful. It being on the 4 Hr chart it should produce some good decline action. It would take a pretty good increase in price to divert that purple crossover! Due to the bearish formations and position of purple crossover I believe this newly identified channel may break downward sooner than later. Only time will tell. Thanks for reading hope you guys enjoy the updates!
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Realized I rushed oh a head and shoulder pattern a couple of pics up needed to finish the head. Fixed in next picture above.
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Certainly looks as if my idea here is still valid. In fact its going just as planned. The rising wedge has broken to the down side which is forming the last side of the right shoulder.
