Just wanted to quickly update this i know there is another trend people are looking into mainly the big down trending triangle,Waiting for a break out but here is another trend might be worth checking out on the 4hr chart the 10 ema has crossed over the 21 ema on the 4hr chart lets see how this turns out.
People also need to check their own trending patterns and indicators i will update this tonight once i have got back from work.It's worth keeping in mind we have a better chance of staying bullish on a longer time frame are we going to see a small run to 9k time will tell.
Good Luck all try to ignore the shills look at your own charts and indicators also use as many trending patterns as you can there is a bigger picture to this small trend..I believe that was a bear trap which i warned of yesterday, pure manipulated along with a bitfinex bug :)..
==================================== BTC
1LuVYASn75HZeLeKksExKTNwZpF59zXWk7
====================================== ETH
0x6C4aa3B856D167977d39b4AB49aC66D967Edd9F2
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4hr chart definitely a break out :) check RSI & MACD
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Keep a close eye
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Lets see how this plays out there is one hell of a battle going on at the moment.
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If we get broken out of this channel expect to see a pullback to around $8100 but there is one hell of a fight going on atm between the bears / bulls..Watch for bear traps.
I will make this my last post for tonight and see what happens, personally i think the bulls are still in control taking
some profit while we pullback to the support line on the channel that we are currently trending in on the 2hr chart
even though the 10 ema looks to be falling and not so good so are the rest of the indicators and we still have
not crossed over the 21 ema or even the 50 ema still plenty of time to wait for better confirmation.
volume is V low
chase4fun2018
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Think if we look at the history there seems to be support/ resistance right along this channel, but check the
volume out..It is almost as if everyone has stopped trading hahaahaha check the blue line out :) Good to
look back at history and see if we have a Vhard support / resistance zone here.
chase4fun2018
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Last update but wait for better confirmation before doing anything silly this looks very
manipulated, there is still a lot of sideways movement always wait for better confirmation
i personally think if we do pullback it will reach $8100 my own opinion based on charts that
im not putting up..
here we are going sideways for a little while good fight going on though,
chase4fun2018
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Did anyone else see that :D on the 30 min chart whales dumped massive amount of btc
the bears are trying to break this out of the trending channel they are dumping everything
they have got.(Perfect example of pure manipulation)
Nice rejection on the 2hr chart from the support line on the uptrend channel no bearish ema cross over so
i will wait for further confirmation watch for bear traps and bull traps.But market looks good for now..
chase4fun2018
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Bigger picture this depends on where you take the triangle down trending pattern from and on what
time frame this is on the 2 hr time frame, but it has broken out of the 2hr down trending triangle
let's wait and see how it plays out looking rather bullish for now.
some profit while we pullback to the support line on the channel that we are currently trending in on the 2hr chart
even though the 10 ema looks to be falling and not so good so are the rest of the indicators and we still have
not crossed over the 21 ema or even the 50 ema still plenty of time to wait for better confirmation.
volume is V low