Potential for Bitcoin and Altcoins to take-off again soon.
BTC drop to 8600-8400 range first is more likely (but price could start moving off here too).
BTC then still has heavy upper resistance to break at the 8800-9000 region.
Note: I've been maintaining very accurate predictions for the most part.
I however do not post on TradingView very often again.
Recently I've been posing my TA/Charts on Twitter: @AndrewEDavis
BTC then still has heavy upper resistance to break at the 8800-9000 region.
Note: I've been maintaining very accurate predictions for the most part.
I however do not post on TradingView very often again.
Recently I've been posing my TA/Charts on Twitter: @AndrewEDavis
Comment:
Bitcoin - If we are able to make the jump here soon, please be aware of this first line of upper resistance around the 8625 area (55 EMA). Depending on the volume/velocity we get approaching this point, we could either break right through (high vol), stall or reverse (weak vol).
(I may be away for a bit now.
Just sharing these quick thoughts to aid your decisions at this point.
It is still a risky zone with no clearly decisive direction.)
(I may be away for a bit now.
Just sharing these quick thoughts to aid your decisions at this point.
It is still a risky zone with no clearly decisive direction.)
Comment:
At the moment Bitcoin seems about 50/50 chance to break either direction, I believe the next move depends more on who is willing/able to apply more pressure between the Bears and Bulls.
We are moving sideways for a while because we are tightly between major channel support and 55 EMA resistance.
We are moving sideways for a while because we are tightly between major channel support and 55 EMA resistance.
Comment:
Article posted: 24 mins ago
$BTC finally breaks down (slightly) from a stagnant indecisive point: 22 mins ago
Just the type of "push" it takes sometimes to change trend on a 50/50 point.
US Court Indicts Founders of Crypto Company for Fraudulent Scheme
news.bitcoin.com/us-...r-fraudulent-scheme/
$BTC finally breaks down (slightly) from a stagnant indecisive point: 22 mins ago
Just the type of "push" it takes sometimes to change trend on a 50/50 point.
US Court Indicts Founders of Crypto Company for Fraudulent Scheme
news.bitcoin.com/us-...r-fraudulent-scheme/
Comment:
Bitcoin 55 EMA still serves as strong support.
We haven't actually broken down out of the potential large bull flag yet.
We haven't actually broken down out of the potential large bull flag yet.
Comment:
Bitcoin is approaching the apex of a major month's old support line and its current (2 days) channel.
Zoom out and you can notice that this support/resistance line has been significant at least since March month.
The next few hours is significant and should decide our next direction.
Zoom out and you can notice that this support/resistance line has been significant at least since March month.
The next few hours is significant and should decide our next direction.
Comment:
Please note that I have moved updates to this new post:
"BTC approaching apex of major support line and current channel"
"BTC approaching apex of major support line and current channel"
Right now we are in my buy target zone (potential for another small subwave down).
Strong support still exists between 8400-8200 ranges.
I should also point out this potential Bearish count, where we are in a big Bull Flag and could hit ~7900 if we break below 8200.
I currently lean towards my Bullish scenario.