mycotoxin

9219 or 6976 - Looks to be 9219 - But weak performance

POLONIEX:BTCUSDT   Bitcoin / Tether USD
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9219 or 6976 - Looks to be 9219 - But a very weak performance so far
Comment: Sell triggered on the 10 minute candle
Comment: But BTC still looks good - just needs to rebound
Comment: BTC has to stay above 8262 -
Comment: The 1 hour candle and the 15 min will be in reversal mode unless BTC can remain above 8262
Comment: BTC has to stay above the support at 7900 - Where is the volume ?
Comment: Sell triggered on the 1 hour candle
Comment: But if BTC can stay above 7900 for 30 minutes the 4 hour candle will be moving to bullish
Comment: another small dip coming in 2 mins
Comment: this could be a bull trap...where did the volume go ?
Comment: The candles are lined up to represent a big bullish move after passing 7900 - But this is not what is being seen here.
Comment: use a very tight stop loss after 7900.
Comment: tombstone reversal to the upside now
Comment: three major candles will close in the next 3 mins and they may decide the direction
Comment: Get above 8200 or drop to 7600 - take the Blue pill or the red one

Comment: Could also be a bear trap so best keep an open mind ..Lots of games and tricks are being played in the crypto market today
Comment: Below 7900 for an extended period will lead to 7600 which in turn will lead to 6700. Wake up BTC
Comment: BTC is working on a move to 8321
Comment: 8300 is the spot to pass ..
Comment: climbing the two lane chanel

Comment: The BIg Picture

Comment: BTC needs to stay above line C for good things to happen.
BTC needs to cross line B for even Better things to happen.
BTC needs to cross line A for Excellent things to happen.
Comment: Breaking out upwards from the head and shoulders ...Yippie

Comment: Possible Double top reversal down
Comment: Not saying BTC will come down , just saying be careful in this area
Comment: Double top drop should stop at 8170
Comment: Reversal spotted , BTC needs to pass this fella

Comment: needs to hit 289
Comment: 8289
Comment: down to 7900 and below
Comment: This first stop is actually only 8056
Comment: BUt i've noticed on several occasions when BTC gets stuck at a resistance point while the 45 minute candle is closing it will dump . This is what just happened .
Another 45 min candle closes in 34 mins and it may dump again then
Comment: 5 mins another candle will be dropped
Comment: 7984 is the current drop distance
Comment: 7820 second drip distance
Comment: two choices for this candle either it goes to 8200 or it goes to 7800
Comment: the choice is back to 8200
Comment: tombstone on the 10 minute ..may be a small dip incoming
Comment: trend change
Comment: could be a downward movement ,.
Comment: BTC is walking around confused today and doesn't know which way to go , up,right , left down or sideways .
Comment:
Comment: BTC is back alive and moving well now, this is a good sign
Comment: could also be a cup and saucer to 9k

Comment: if this is a cup and saucer then we should see a dip round about now
Trade closed manually: trading cancelled out of boredom
I agree, but this market still likes to overreact before most of these potential newsworthy events it seems. Could trigger a run after though too, overreacts for good and bad news. Either way north and south movement would be great,ha.
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And now we 're close enough to g20 that it seems like bear flag city might be around for awhile.
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mycotoxin Nhmenefee
@Nhmenefee, Regulate sure they can try ,they can shut down the exchanges but they cant regulate BTC, its decentralized. It will be like prohibition try to ban alcohol but it still survives.
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mycotoxin mycotoxin
@mycotoxin, Thats still amazing that BTC will one of the topics at the G20 .
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It took me awhile to come around to it but it just doesn't seem like natural market movements lately, it seems like bots just kicking the ball back and forth.
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mycotoxin Nhmenefee
@Nhmenefee, haha yes . I really dont trust BTC today . I don't understand how BTC can muscle its way past 7900 and then suddenly run out of energy during its climb upawards.
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Up OR down would be great at this point, just do somethin. Sure seems too weak to go up much though.
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mycotoxin Nhmenefee
@Nhmenefee, yes its acting very strange
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A fee whales pumps and dump. Even dumbs learnt this. Or not?
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mycotoxin asdfghghj
@asdfghghj, looks like it , after BTC passed 7900 the performance should be much better and look like a breakout. This performance looks like BTC is struggling for oxygen.
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