MaryJane
Short

BTC smells bearish?

BITSTAMP:BTCUSD   Bitcoin / Dollar
634 2 27
5 months ago
The TP`s of my former analysis were reached.At the moment it seems as a new "3" (green) is born. The trend in this timeframe is bearish . Only prices above 645, respective 660 will brighten the chart. For me the next station will be 625/610$. Below 610 i exspect a fast selloff.

Former Analysis:
BTCUSD: SHORTTERM H&S?
BTCUSD: Shortterm H&S?


The yesterday mentioned "last supportzone @ 610" could be defended. The temporarily broken support @ 625 turned again into a supportlevel. The strong selloff to 610 was bought two times, a double bottom appeared at that Niveau. The double-bottom-move catapulted btc to it`s normal correction Niveau at 644 (fibo 0,5)
Now this Niveau (644) is central! This Niveau is corresponding to a possible neckline of the potential H&S in the 15min Chart.
As Long as we trade below that Level, especially below 636, a new sellingwave can be exspected with TPs: 625 / 610. Prices abobe the neckline could indicate a shortterm longsignal with tps: 652/660. All my thoughts and illustrations of yesterday are still valid.
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Supports and Resists!


5 months ago
Comment:
snapshot
the daily chart also is bearish (red counting)
5 months ago
Comment:
snapshot
new up-Count? - new/old resistances / Support levels

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MaryJane
Long only?
MaryJane about FB 2 5 months ago
IvanLabrie PRO
5 months ago
Yes, I'm with you on this one mate.
Reply
BuyBitcoin.WS
5 months ago
its pretty bullish so far nothing to be bearish about imo unless we break $610-620 with volume, yet we got a LOT of buying going on.
halving sell the news failed to take us down thats a very important point there
Reply
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