1D tells we are now going down as evening DOJI arrived at top..As rule of thumb we know its sign of bearish moment coming..
Read the article clearly stating bear trend still intact..it was told that 6k uptrend is upward correction in long bear market..so we have another leg down and this can be it..as we are unable to hit 12k.. check link..it gives the market prediction for further week..
There is a support of 200 MA at 8120 USD according to 1hR chart if it fails then 7.9k is support and if too fails then i dont know where it will stop..this update is for short traders..The upper chart is still in its track and i am looking for support for 200 MA in 1 hr chart if it broke then the fall we saw last time can occur again this time again..big investors and whale observe for that support and if it fails then they will start dumping their coins..
@ghose12 How about the inverted head and shoulders?
Zakir-Ahmed
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@Fida4u, FOLLOW THE DAY CHART WHILE IN BEAR RUN..THOSE CAN BE POSSIBLE BUT NOT OR CANT PULL OUT OF BEAR..THOSE ARE TEMPORARY UPSIDES WITHIN BEAR TREND..THOSE ARE FOR DAY TRADERS OR SWING TRADERS WHO TAKE SMALL PROFITS WITH SOME INVESTMENTS..WHILE MANY INSTITUTIONAL TRADERS WONT TRADE LIKE THAT..THEY WAIT FOR BIG SPOTS FOR PUMP OR DUMP..AND THEY DO IT IN HIDDEN MODE..U EVEN CANT SEE THEY DUMPED THEM..U WILL BE IN SLEEPING WHILE WHOLE SCENARIO GOING ON..IF U R A HEAVY TRADER THEN U SHOULD BOTHER ABOUT THIS ..NOR NO NEED TO TAKE THIS AS SERIOUS..