ChsaDos
Short

Bulls Last Push

BITSTAMP:BTCUSD   Bitcoin / Dollar
249 10 2
I believe we are right at the peaking point and heading back down the the low 400's. From there who knows....

Tips always appreciated :D 1es4J49hCbb2XhDcEUGRz1K1uPcYF8gDC
johnrfraser
2 years ago
I hope you're right...I cannot see where its going otherwise. I see two lines of resistance here, one downward major trend line and the 465 line, holding it down...and it has failed to break them. Also the low weekend volume suggests to me that this has been a false high and not a real indication of the wider market?
Do you agree?
Thanks a lot for your post btw...I am now switching to a 120 chart as I noticed your KST and macd on another, actually giving signals! :-)
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ChsaDos johnrfraser
2 years ago
Yup I agree, unless a whale comes along and feels like pumping a bunch of money in I do not see us pushing past ~$465 in the immediate future.
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johnrfraser ChsaDos
2 years ago
macd about to cross up on the 1 day chart...could this encourage bulls at the start of the week?
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ChsaDos johnrfraser
2 years ago
You're right with the MACD on the 1 day. I really think the bottom is going to be low 400s - maybe high 300s.
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ChsaDos johnrfraser
2 years ago
Here is the 3 hour MACD showing about to turn downwards.
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ChsaDos ChsaDos
2 years ago
snapshot
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flibbr PRO ChsaDos
2 years ago
Looks to me like a whale is shoving it up into his asks.. offloading... keeping bid bigs wall in there and continuing to offload... expect pain after.
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ChsaDos flibbr
2 years ago
Yup yup - really seems like last ditch effort.
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johnrfraser flibbr
2 years ago
Hi. Can you clarify what you mean by that? I don't follow the language. Thanks a lot
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ChsaDos johnrfraser
2 years ago
Last ditch = last try to push the price up.
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