DeadSerious
Long

Bearish Shark + bullish C&H

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bearish Shark has formed which should let us make a cup of the Cup And Handle patern as a result.

The C&H formation will shoot us higher at 8200-8500 levels.

C&H is a possibility which still has to be confirmed. As for now it's only my guess because indicators are looking bullish + we're making a nice reversal on the daily
Hopefully this isn't another bear channel we're in and we won't revisit 5k soon but let's watch what will develop.
Trade active: We are ready to go higher
Comment: We formed a bull flag
Comment:
Comment: Even bigger Cup & Handle in progress? That one could take us to ~$9500

Comment: Megaphone patern pointing to the same conclusions
Comment:
Comment: On track

Comment: I'm thinking this

Comment: If we won't break the red line this could be a possible setup for further move up

Comment: I expect a bounce around $7000-$7500
Comment: Posibble bullish triangle here. Looking at indicators and bigger timeframes I'm more in a favor with green option than red

Comment: We need to get that green EMA (closed candle above it) to have a real breakout confirmation but I think it's only a matter of time

We need to get that green EMA (closed candle above it) to have a real breakout confirmation but I think it's only a matter of time

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Hey champ nearly spot on with the analysis as usual I sold 8900. How low do you think this bear run will go?
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DeadSerious doctorcryptodog
@doctorcryptodog, $7000-7300 would be my reverse area as I believe this leg down is a wave II of Elliot
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DeadSerious doctorcryptodog
@doctorcryptodog, there is possibility too that we bounce from here but thats not clear for now

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DeadSerious DeadSerious
looks like we're bouncing from resistance 1hr EMA 200. Would expect more down to come
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I’ll jist shut up! Lol!
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DeadSerious doctorcryptodog
@doctorcryptodog, I think we can't go higher than ~8800 for now and will have to test lower support. That's because bearish divergence (blue lines on price and RSI)

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Are we now in a bear channel or do you expect to rise above?
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Let’s hope so! Good analysis
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We're in a bull flag

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