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IAmSatoshi
Jun 23, 2018 1:48 AM

BTC Remains Bear Until Breaking PF Short

Bitcoin / DollarBitfinex

Description

long entry will trigger with price breaches PF, not before

ML (yellow) is high probability target so long as price remains in PF

based on duration of price in trend channel, PF support/resistance diags should be considered significant
Comments
spindriftur
im a noob, but rsi looking like its about to bounce no?
BenLearns
@raphaelrehman, RSI can always get more oversolder
spindriftur
@benwallace, ah ok, ty
RandyMcMillan
Tadej
Hey Josh (@IAmSatoshi ). Would be nice to hear whats your view on BTC nowdays; any chance you could update us?
Miss your videos as well....learned a lot from you and you were one of my fav TA Youtubers. Hopefully we get bull and we'll see you again more often. :)
Tadej
Meanwhile, here is my take on BTC (to not only waste Josh's time :) ):
I think we are at important levels where short/mid term future will be decided. Some signals are already turning bullish but we are still waiting for most of the averages and there are still (cloud and fib) resistances. I'm a bit afraid that we get rejected at these levels which I feel may extend the bear if support(s) won't hold anymore.

Here is what I'm looking at:


I'm expecting a smaller correction (if it hadn't happened yet), then I guess we still have room for sideways. I feel that at these levels BTC can quickly turn to bull in case of positive news (or sudden adoption of segwit or similar) or bear is extended in case of bad news.

As said in previous comment, would love to see your view Josh. Take care.
jerky_rs
Its out of the Pitchfork
Msparky
HAve you ever study price action that stays in the upper band of the pitchfork?
FritzWagner
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