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TheWolfofPoloniex

Fib Level + Support for BTC = Buy Signal

Long
Bitcoin (BITFINEX:BTCUSD)  
TheWolfofPoloniex Updated   
BITFINEX:BTCUSD   Bitcoin
Beyond Technical Analysis Chart Patterns Trend Analysis Bitcoin (Cryptocurrency) BTC BTCUSD BTCUSDT crypto honeybadger hodlgang Cryptocurrency swingtrading
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This next drop should find significant support at the fib + previous resistance, now turned support, level. Depending on the strength of this bounce, we could see a run up to 10K... or just a big dead cat bounce down to $3.50...

o.o....
Comment:
This current drop showed a reversal in the lower time frames with a diamond / inverse h&S reversal, however it got stopped and retraced leading towards a Bear Flag being made.

Unless we break that resistance, we're most likely going back down to the target support area I earlier depicted.

snapshot
Comment:
Bullish signs appearing on BTC... looks like a bounce incoming.

snapshot
Comment:
Comment:
Spinning top closed on the daily and we're seeing but volume come in.

Long the ponzi
Comment:
Inverse H&S in the making :

snapshot
Comment:
Inverse H&S rejected. Stop Loss triggered.

New pattern at play : Descending Broadening Wedge

Still got my short @ the top open.
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