Bitcoin is still a confirmed sell on harmonics and there is a bull node to be formed within 2-3 trading days. It means odds are high seeing a dive for this week-end. 3178 the swing-high arrived just in time and now a drop started. Target is 3511 first. If that target fails, then next target is 3160.
@bonodi , you can't see the obvious upward trend from the 15th to now??? Unless it breaks that trend it isn't going down much. It just proved your chart off by getting to 4364...
I know you want it to break down to by lower. I did too. but the dips lately haven't been dipping. and it's setting higher highs. So okie dokie another bull run it is.
SVTPremium
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@KevinWatson, Hi, Kevin, I rather see this instrument as a sideways moving one. Of course, there is a short-term trendline, but internals are extremely overbought for now with a lack of momentum.
I don't want it to break down. The market will. Please note that the secular bull trendline is intact, therefore this asset is a bullish one.
gegene
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because btc is not done rockin' rollin' yet for the week.
mvb1
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Hi bonodi, what is a bull node?
mvb1
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i think the "secular bull trendline" is missing in the chart?
SVTPremium
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@mvb1, Thanks for the note. In the very moment I published the chart it switched to a non-log one. Please switch to a log scale if you have TW account.
BRRD
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The difference in price performance between the last big drop (mid-July) and this time around is so strikingly obvious.
I know you want it to break down to by lower. I did too. but the dips lately haven't been dipping. and it's setting higher highs. So okie dokie another bull run it is.