ant187

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:
Comment: 4 hour running out of steam, depending on your risk tolerance could be time to exit.
Comment:
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 @ http://www.twitch.tv/cryptocrew
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!

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

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