BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC             broke our side-wards analysis very well, and has since had a small pop to the upside, touching on the moving averages. Now price has touched the moving averages, I am expecting some small expected corrective downside which could lead us back to the side-wards support line before a break up move. When price does this, it does NOT mean that price is weak at all, this is perfectly acceptable technical behaviour and would be normal of a healthy and prosperous up move.

Price needs to correct slightly as is. It does not necessarily need to go all to the side-wards support, but it's a possibility that it does do this so it's one we need to keep a eye on. It is easy to get an entry here because we can simply just wait for the correction to be finished. The stop loss zone is easy, under the side-wards support is the obvious candidate because anywhere else is lower is illogical for it to be considered a buy anymore.

Also bear in mind, when price does come out of the slump here, price will then hit the consolidation resistance, where there will be once again another correction to the downside before the upside fully prevails. We're in upside territory, but patience is still needed to get this trade perfectly right.

Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!

I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
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4 days ago you promised us an analysis. Pleeeease! We want to see the situation from your perspective
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Total Coin Market Cap (2) : 2014 vs 2018

I think this drop is a pedestal for future rise.
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Today Bitcoin dropped almost 10% and it has also broken its major support 5800$ it has also breaks desending triangle as well.
But my opinion is 1D or 3D candle is gonna close inside this desending triangle and we can see a big enough spikes to squeeze all shorts. cause right now everyone is shorting BTC.
Anyone agree with me? Reply your opinion guys so that we can learn from each other :)
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Crypto_crabster SajjadProTrader
@SajjadProTrader, we were falling with "2themoon" screamings. Now we're going to go to the moon with "this is scam" screamings
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TomProTrader Crypto_crabster
@Crypto_crabster, Now we're having a normal technical move in a perfectly normal market*
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Crypto_crabster TomProTrader
@TomProTrader, we're waiting for your analysis =)
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Crypto_crabster TomProTrader
@TomProTrader, dude, if we get to 7400 till the end of the month, I'll buy lifetime access to your group :D
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Hi there, let me share my personal thoughts in there :

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Nice post brother, I shared basic expectation on BTC breakout

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LEGENDARY post I make in long time ago ; all you can follow this for 1 aspect for market right now:

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