botje11

Bitcoin Bullish Triangle Or Double Top

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Seems to be a real fight going on now between 9250ish and 9400. Some games being played by a few whales, but it's starting to look like a real fight between them, so not working together. Past 2 hours don't make any sense otherwise. So it feels like a very big move is about to happen.

The triangle is still in play, where it normally should test the support again and then see the bulls buy it up one more time. If the 9250 breaks the triangle support will prob be tested. If that one fails, we could see a drop to the double top neckline around 8800/8900. If that happens with high volume , it will be very likely to see another drop to 8200/8400.

That channel in the middle, something i have shown today, seems to be in play at the moment. Because the past few hours it kept bouncing up from it after seeing those wicks below it. Also a sign that a real fight is probably going on here.


Previous analysis:



Comment: New ETH analysis:

Comment: New Bitcoin analysis, update:

If you want to support me, my affiliates:

Bitcoin futures trading, 10% discount: http://www.bitmex.com/register/5UpPrj
http://www.binance.com/?ref=35269417
For copy trading FX at Etoro: https://etoro.tw/2HjrI9X
Public Telegram Channel https://t.me/botje11
My theory is a drop...
Reply
If you ask me I'd pick the bullish Triangle (Ascending is the term actually) but only after the 0.382 Fibonacci level is tested. Then we could be facing a lengthy consolidation and will probably be the last chance for people to buy.

Reply
Amazing call guys!
We're long and up 13.83% but we are watching now for a bounce back up from support which would follow your blue line. Let's see what happens!
Reply
Update. Thanks.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out