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?
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. If you like it - like it
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the daily chart also is bearish (red counting)
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new up-Count? - new/old resistances / Support levels
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BitcoinGuru
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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
halving sell the news failed to take us down thats a very important point there