You will find Attached the Fibonacci lines of the Bitcoin Chart from 2014-2015 that you could have used for knife catching if i was aware of Trading view existence at that time. The Bitcoin 786 golden Ratio held Bitcoin perfectly.
You will find Below the Fibonacci lines of the 2018 Bitcoin Chart, with the Usd Value levels. So far those main Fibo levels are very useful and very accurate to stop Btc drops, so odds favour a continuation of possible knife catching areas around these levels.
I will however not recommend you trading as it is extremely risky right now, unless you feel like you can manage your knife catching properly, but beware.
The current Bitcoin 786 golden ratio is around 3.300 Usd.
This could be useful in case Bitcoin is currently not bottoming.
If Btc is currently bottoming, don't hesitate to shout your happiness about how useless this TA was in some months, and how much you are enjoying the current end of 2018 bull run lol.
Remember: nothing prevents you from beeing wise and waiting for a bull run start before injecting your hard earned money in this risky market.
If it does, be prepared for some major downside as it would break the overall 2017 Bitcoin structure
Slow and long decline period might be correct, nothing bullish in here
Still in "beware" mode imo
I hope this desperate market pumper did not make you lose money by trusting his calls.
Listening to his calls is 100% the same as listening to Twitter/Trading View chinese miners bots/employees giving 100k Btc targets.
I am not saying the average investor bought in mass, Joes are selling at the moment, but a few wealthy people naturally bought for sure in there (the local triple bottom with local false breakouts, followed by a natural raising pattern was followed by important buys)
I am sorry but i will not give buy or sell signals during this crash as it is again extremely risky to trade, better choice is to rather invest than trading and possibly catch falling knives again.
-Daily candle false breakout of the extremely important 6.000$ support (very bullish and could lead to a rally start, which is unlikely following odds though)
-Bullish engulfing candle (very bullish)
-A massive daily hidden bearish divergence (very bearish)
Probabilities of this move beeing a bull trap are high.
Which means a possible end of the bearish trend since January.
Bounced right above the weekly 50 Smma, false breakout of the 6.000$ crucial support. This could lead to the slow start of a rally.
This is of course completely uncertain, well, you know the reliability of this market, and the remaining uncertainty of the regulations.
But, this pattern looks very encouraging.
What is setting an alarm "on" is this very massive bearish divergence:
That could lead to this:
-It is very useful during bull runs as well :
Yes these type of large sudden candles appearing during week ends are made from bots, beeing large candles to the upside and to the downside as well
Anyways, thanks for your reply ;)
Thanks for the update
You 100% got it sir.
My pleasure buddy, take care