reynar

Multiple scenarios for Bitcoin. 13 APR Update.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I believe BTC -0.15% will form a pennant at this level between $7500 and $8300.
Falling below purple line is a bad sign.

LEGEND

YELLOW:
Uncertain scenarios are painted with yellow lines
Possible critical areas are in yellow boxes.

GREEN:
Bulls taking over the market and taking the price upward.

BROWN/ORANGE:
1) Possible corrections if pump happen
OR
2) Possible support formation in a sideways movement.

RED:
Possible corrections, but bulls are losing power.


MACD 2H seems like it is about to cross.
MACD 1H already crossed and is heading downwards.
Given this information, I think BTC -0.15% is going to go downwards a bit before any more pumps.

Maybe another pump would happen, but I think the maximum it would hit would be $8600 before going back to at least $8000 - So I'm not losing that train right now, in my opinion.

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