hi guys its turning mecard.
i warned btc fall can come in few weeks, in last weeks idea. it...could come from now.
a mean, not like a vertical drop, but could be a sign.
as you see in the daily chart, bearish engulfing candle, sharp drop to channel bottom. the d1 candle yesterday can be interpreted as bearish shooting star, so everything was in process.
daily stoch1 bending down! it will take days now. bearish d1 divergence, i cannot say it is completely washed up. this may just be starting. this kind of huge bear divergences do not get washed on 400, 500dollar drops..
weekly wise, stoch can be bending down now. oh no....bearish. so for now, weekly 50ma, once support is resistance.
short term wise, if this bearish engulfing candle managed to stay in this area, defending the wedge, see if it can go over 5330/5350 in the next some days. today, just pray that it would not break the ascending channel.
if that happens, like above chart, some chance for going up.
but, usually on a candle this big, bearish, i think more drop could come possibly. this candle can be that start of HELL.
if 5100/5000 breaks, we are going to at least
4000ish, most likely 3000 in next 2~3month.
be careful trading!
i warned btc fall can come in few weeks, in last weeks idea. it...could come from now.
a mean, not like a vertical drop, but could be a sign.
as you see in the daily chart, bearish engulfing candle, sharp drop to channel bottom. the d1 candle yesterday can be interpreted as bearish shooting star, so everything was in process.
daily stoch1 bending down! it will take days now. bearish d1 divergence, i cannot say it is completely washed up. this may just be starting. this kind of huge bear divergences do not get washed on 400, 500dollar drops..
weekly wise, stoch can be bending down now. oh no....bearish. so for now, weekly 50ma, once support is resistance.
short term wise, if this bearish engulfing candle managed to stay in this area, defending the wedge, see if it can go over 5330/5350 in the next some days. today, just pray that it would not break the ascending channel.
if that happens, like above chart, some chance for going up.
but, usually on a candle this big, bearish, i think more drop could come possibly. this candle can be that start of HELL.
if 5100/5000 breaks, we are going to at least
4000ish, most likely 3000 in next 2~3month.
be careful trading!
