Lifeact
Long

Where do you want to go BTC?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC still in downtrend channel . BTC may retest 6.5k support. If not strong enough, we may see 3k-3.5k support.
Mar 15
Comment: We should wait until daily candle close. We may see morning doji star. Means, bullish reversal. At least for tomorrow. We may see btc with 8.4k-8.8k price to test resistance of downtrend channel once again.
Mar 15
Comment: Weekly candle of ichimoku analysis shows that kijun sen (red) officially above tenkan sen (blue). Weekly MACD and RSI also show that downtrend still continue. This is the sign that bearish btc still in play.

Mar 19
Comment: BTC price nicely bound from 7300 area. It means that this is the end of 5 wave of elliot wave. Next, we will expect BTC price movement for ABC correction. As we see at 1 Hour chart, MACD start to drop and RSI is near oversold area that expecting a dump to B. before going up again to test the resistance line. If resistance break, we may able to see price up to 9500 again.

Mar 23
Comment: BTC broke kumo cloud. BTC become bullish for a while. Enjoy the ride.


Apr 26
Comment:
Apr 26
Comment: Correction to point B done (yellow line). We may see down again to C (yellow line)

BTC broke kumo cloud. BTC become bullish for a while. Enjoy the ride.

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BTC forming bearish rising wedge. If you buy from dips, you can take profit some bag of BTC to wait for dip buying (7200-7800) or safe entry (after breaking 9500).

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there is an argument for both sides , a lot depends on tomorrow , possible bounce to channel top,not likely to break the trend . continuation. I do not think there are enough buyers around yet. People are waiting for a sure thing. The short position is risky now . It was in a dead zone and the doji came before a collapse again. It is all very risky at present. Hard to get a decent trade in as the range is small. Lets wait and see. Plenty of time , better to miss out on a big loss than the start of a big gain.
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