Bears Rolling Down Hill | $BTC $USD #bitcoin #litecoin $Gold
Friends,
Following a consolidation, a break of the recent structure low invited price to revisit prior lows, as price action continues to roll down.
Predictive analysis and forecasting has defined the following probable levels of support:
1 - 438.82, moderate probability of offering support/reversal
2 - 425.37, high probability of offering support/reversal
and
3 - 384.65, low probability of offering support/reversal
A breach of 425.37 could open the floor up to a new structure low. In such case, then look for a technical double bottom at 400.00, or a rescue pattern support (Bullish Shark) at 384.65.
OVERALL:
Bears remain dominant and are likely to drive price lower. I have offered above a rating of probable support/reversal levels, which are mere suggestion, much like a rope on a fixed stick, which the concerned bull might consider to clasp while its hooves continue to sink in this quick sand. A structure low at 400.00 might help this market wring out all of the stop-losses in the field, whereas institutional influx could emerge in the 400.00/384.64 range, on the basis that fundamental news has not discredited crypto-currencies, but instead has carved out newly and expensive laws that are sure to rid of unmotivated investors, while price action is taking care to wash out all of the weak hands.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
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Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Following a consolidation, a break of the recent structure low invited price to revisit prior lows, as price action continues to roll down.
Predictive analysis and forecasting has defined the following probable levels of support:
1 - 438.82, moderate probability of offering support/reversal
2 - 425.37, high probability of offering support/reversal
and
3 - 384.65, low probability of offering support/reversal
A breach of 425.37 could open the floor up to a new structure low. In such case, then look for a technical double bottom at 400.00, or a rescue pattern support (Bullish Shark) at 384.65.
OVERALL:
Bears remain dominant and are likely to drive price lower. I have offered above a rating of probable support/reversal levels, which are mere suggestion, much like a rope on a fixed stick, which the concerned bull might consider to clasp while its hooves continue to sink in this quick sand. A structure low at 400.00 might help this market wring out all of the stop-losses in the field, whereas institutional influx could emerge in the 400.00/384.64 range, on the basis that fundamental news has not discredited crypto-currencies, but instead has carved out newly and expensive laws that are sure to rid of unmotivated investors, while price action is taking care to wash out all of the weak hands.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
-------------------------------------
Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
