Alleyesonbtc

Btc last station to jump in. Let the bear cry.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Divergence on day is coming at his last phase and i got enough btc accumulated on this drops below 7k where the stops of the simmetric triangles was reached. now waiting for the real bounce to appear and let altcoins explode!
THiS IS NOT A FINANCIAL ADVICE.
Trade active: Btc have bounced up strongly reaching the resistance at 8500$ so due to this fail, we have headed down to the support at 7500, lets see how it holds since its the support of the big simmetric triangle that has been already passed up and down, lets see which side was a fakeout and which will go, lower timeframes (1h) is suggesting bullish, lets see which side will go, very risky trading zone!
Most altcoins appears to be ready to jump hard!
Comment: As imaginable bitcoin has made a further leg down, coming close to the support of 6800 usd. for the moment the price has stopped on 6900, now we are in a rather divergent situation as we have not reached the support areas, but as I show you now in the chart btc could also come from this point.
As I said, this is the minor timeframe chart and shows a strong divergence bullish on rsi at 4h which could bring the price to go up and continue its rise towards a new high and towards the resistance zones located between $ 8500 and $ 9200.

Comments

nice charting brother :) bring on the $$$
+1 Reply
@majorlee, very thanks!
+1 Reply
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