Compare the blue rectangles The second try to break the level of 10,000 was failed.
and look at the large bearish volume
the possible support zones
at the moment, the price returned to the lower limit of the consolidation zone and so far this is not a downtrend
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the price broke the lower limit of the consolidation zone also, the volume has increased , these are bearish signs but look at the lower shadows of candles , this means an accumulation
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look at the volume in the second consolidation zone , a rebound is possible
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looks like a false breakthrough , this is a good bullish sign
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look at the doji candle , this is a bullish pattern
Hi @Bombita , It's quite interesting that BTC has its highs and lows monthly. For example (price is just approximate, forgive me that) :
Jan 5th - 17330
Feb 6th - 6100
March 4th - 11640
April 6th - 6510
May 5th - 9900
Don't you think it's clearly obvious that big whales are playing with BTC? For me it look slike they short it for a month and in the next month they go long. see my chart what I'm saying,
would like to have your opinion on it.
Bombita
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@Sigmaniac77, about the market manipulation , i totally agree
Woota
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@Sigmaniac77, damn, this theory is ingenious, I saw it in the end of March from CryptoCoinMaker, why didn’t I follow this? :D Thanks for reminding.
Verethragna
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Hey, what do you think what would happen if we bounce up from here and get rejected by 10k again?
Bombita
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@Verethragna, this will confirm once again the level of 10000 as resistance , it will be a bearish sign.
lol , i'm sorry , but this is a stupid question
chaoyangchan
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Do you recommending shorting at these current prices?
Bombita
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@chaoyangchan, at the moment , no .
focus on the closure of the four hour candle .
now, the candle looks like a hammer , this is a bullish pattern
Jan 5th - 17330
Feb 6th - 6100
March 4th - 11640
April 6th - 6510
May 5th - 9900
Don't you think it's clearly obvious that big whales are playing with BTC? For me it look slike they short it for a month and in the next month they go long. see my chart what I'm saying,
would like to have your opinion on it.