ft-73

Daily OBV is trying to find a bottom.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
267 views
Which is encouraging.
Yet worth keeping an eye on weekly OBV, triangle tightening means a big move is approaching:


Comment: That's mid-term.
Commented below for very short term.
Comment: Getting closer ( weekly )
.
Comment: This is 4H.


Careful.
Comment: Broken rising wedge, temporary support found:

https://tinyurl.com/y732j23f

This is OBV / 4H, unsurprisingly:

https://tinyurl.com/yal7zw8j

Now price close to RSI / 4H support.
It can move up from here, but better waiting some confirmation as breaking down from here would be rather ugly.

https://tinyurl.com/yaqnv4vm

Short term looks weak, longer term no changes.
Comment: Sorry for messing with tinyurl.

Chart

OBV / 4H

RSI / 4H
Comment: ABC.

https://tinyurl.com/ybujsfok

Good.
I'm going to accumulate from here.
Buy the dip.
Comment:
Comment: Let's find some short term support in order to break out of that falling wedge.
Comment: 4H updated:

Almost there on Weekly:

Buy the dip and fingers crossed.
Comment: That's a start ...

Weekly to the turning point:

Trend decision is set for this week, worst case next one.
Comment: Inverted H&S confirmed.
Good.
Comment:
Come on.
Comment: Consolidation on 4H

Looking good on weekly, let's check it on sunday close.

Hopefully price will find support in the 7000$ area.
Buy the dip.
Comment: Syntetic top 5 ALTs vs. BTC aggregated OBV Chart.


Aggregated here: BCHBTC, ETHBTC, LTCBTC, XRPBTC, EOSBTC.

Alts market is currently capitulating ( Falling wedge ) and it's going to bottom relatively soon.

Comments

Hi, I lost the last rally,, So you think we go up more or will change the direction to down ?
Reply
ft-73 StephMoen
@StephMoen, no hurry.
+1 Reply
A healthy pullback, as expected.
Hopefully landing around 7000$ +/- 100$.

Buy the dip.
Reply
About time to put some BTC into ETH, LTC, BCH, XRP.
Risky yet potentially rewarding as ALTs marked is depressed.
Reply
Accumulating
Reply
Things are moving quite fast.
Nothing can be ruled out cause of FOMO.

Yet i'd say a pullback is much likely.
Possibly towards 7000-7100 $ area.

Such pullback would tehnically fit a broader 2 legs move up ( aka MMU / "measured move up" ).
Reply
Hi, How are you ?
You think we are going up ?
Reply
ft-73 StephMoen
@StephMoen, it's moving.
I'd say 60% up, 40% down.
Let's see.
Reply
@ft-73, But I think it is a bull trap, and next level is 6460, we should see
Reply
StephMoen StephMoen
@StephMoen, But It is important that your technical is good and I enjoy it. your announcement is on time too.
Reply
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