ItisCalvin
Short

Trends! They be everywhere

BITSTAMP:BTCUSD   Bitcoin / Dollar
501 2 3
It seems for now the indicators look like they want to give a SELL signal. If there is a move up it would be unsustainable since all the oscillators indicators would remain OVERBOUGHT*.

ATR looks to have peaked giving a STOP for the upward trend. Usuallly trend can continue even after the peak, but volume is dying with it.

Bull target: 500
Bear target: 450 - has to break 480

Extreme Bull: 535
Extreme Bear: Anywhere between 425 down to 400 - There is a possibility for a new support to form.
As always give or take 4 on all targets.

Time frame; No later than 3 days. Possibly test support in 1.

*Edited from OVERSOLD to OVERBOUGHT
threecats
2 years ago
Great chart, very balanced and thoughtful !
Reply
ItisCalvin threecats
2 years ago
Thanks. And it looks like we just fell through to the bear target.
Reply
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