BTC - Decision time, it happens TODAY

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It's now or never.

Key Notes:

1) 4 hour inverse H&S
2) Currently wedged up against long term trend line
3) Double 4 hour EMA support, and trend line support below it.
4) Low volume , market indecision. Something huge coming very soon.
5) RSI supports upmovement

Bullish Targets:

1) 9115
2) 10,176 (200 MA)
3) 11,620 ( H&S )

Bearish Targets:
1) 7900
2) 5954

Risk/Reward: Minimum 1:3 at time of creation (8600) for triple top test.

Zones of interest:

Watch for breakdown of $8531 trend line to trigger sell off.
Comment: New zones of interest, watch for false breakout, but looks strong. I'm currently waiting to enter until I see 9k clear

Comment: Sorry, forgot the daily 20 EMA as well. I've also updated the labels to be more clear at the levels. We're currently very overbought though so look for a retrace around 9k I'd imagine

Comment: Watch for a retrace after 7pm candle closes (EST), might shoot up to 9550 or something along those lines then crash down hard, we shall see. Volume just doesn't look too good.

Comment: Looks like we saw continued growth overnight, and finally had our sell off. Not at the zones I anticipated, but none the less I'll take it. Please look at the update below for zones of interest to lock in potential profits.
Comment: 4 hour running out of steam, depending on your risk tolerance could be time to exit.
Comment: If uptrend channel breaks, we should see a retracement towards 9200 (4 hour 50 ema), if not, hourly EMA's might stick @ 9633

Comment: Whoops, 4 hour ema is @ 8800 not 9200. Regardless, watch for a break of the uptrend line if we're to go up, otherwise I'm still expecting a down
Comment: We had our down, now we have a potential ascending triangle on the 4h.

10098 - 200 MA 4hr resistance
10337 - Short term resistance
10581 - Daily EMA resistance

Breakdown if blue trend line breaks (9864 area) break up towards 11k expected if ascending triangle breakout confirms
Comment: Sorry, forgot link!

Comment: Streaming live for all those interested @
Comment: Zones of interest if your a buyer or a seller, we had an excellent daily close, but need a re-trace for the day, the next 24 hours will be critical!

thanks for update
Above 9.4K BULL, below 9.2K (bitfinex) BEAR, see:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out