There a H and Shouiders up to 67xx and Theres also a 9 wrapping up on the 4 which could lead to a 1-4 candle movement down . Or set off a new count in the upwards direction . The 9 candle wraps up in another hour.
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......if BTC break lower than 6495 then it will most likely be a visit to the 632x area .
But ....
If BTC remains above 6500 its going to complete the head and shoulders by heading to the 67xx area
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Currently 6603 , but BTC needs to move above 6660 to get the party started properly .
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looks to me like BTC is going to move past the 67xx area ..its been hovering in this zone for so long it has to move up past it . Plus that Head and shoulders is too good a deal to pass on ..buckle up ...
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BTC just needs to remain above 6500 to keep the upwards momentum going .
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BTC still working on that move to 67xx and has been hammering away at it since October 1st ( talk about being relentless) .... Currently 13 attempts have been unsuccessful but as long as BTC holds above 6500 good old BTC should bust through - A stop loss at 6495 is recommended ..
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At this pace ,..we may see 66xx first and then hit 67xx in about 3 or 4 years ...
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6652 currently but this move is incomplete till there a candle closing above 67xx or 71xx
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BTC can drop as low as 6514 and still recover Dropping below 65xx is a problem
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could be wrong but this is looking more like a diamond bear - the Stoch appears to confirm the pattern
@mycotoxin Gee that was slapped down hard. Look at the 1 min. Finex $50 higher last few hours than mex. Maybe some arbitrage at work with that pump. Or bears really controlling at the moment...
mycotoxin
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@Cryptopile, it may take another shot at 67xx if it stays above 6595
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@mycotoxin 69xx-7000 at best before falling off the cliff...
mycotoxin
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@Cryptopile, Ill take it ...anything is better than this stand still action ...its 6570 now
.im hoping we can at least get back to 6600 in in the next hour or so...
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@mycotoxin, I reckon they're trying to drive everybody to desperation before they bring out the swords! I'm on a local exchange that doesn't offer stop losses, so I'm out. Too scared to keep my funds in finex atm
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@Cryptopile, Hahaha i think you are right about driving folks to desperation ...I went in long at 6600 and BTC has not been very co-operative .
ill stick it out for a bit to see how this 9 candle plays out ..its currently going the wrong way as its started with a red 1 indicating down ...but ill give it another hour or two ..