Hi guys, we finally broke out of that triangle (RED) and we are now trading inside that upward channel (BLUE). We are now trading above Ichimoku cloud on 1hr and 2hr charts and we are about to brake out on 4hr chart too, which indicates upward trend. I hope that we will continue to trade inside this blue channel and that we will not drop under it, except maybe some wicks.
We will probably have first bigger resistance around 9k, round numbers are always big psychological resistance, so I expect that we have small retracement when we hit 9k and if you are LONG, you can consider taking at least partial profit here and adding to your position on retrace.
Regards!
Happy trading!
We will probably have first bigger resistance around 9k, round numbers are always big psychological resistance, so I expect that we have small retracement when we hit 9k and if you are LONG, you can consider taking at least partial profit here and adding to your position on retrace.
Regards!
Happy trading!
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Price dropped and fell down under that upward channel, but we have hidden bullish divergence on 1hr chart and we still didn`t fall under Ichimoku, so we should continue UP as I said. This was probable meant to shake off weak hands and high leverage positions.
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OK guys, price dropped some more and we are now well under the lower border of that channel I was talking about, we also fell under Ichimoku on 1hr chart and we are trading under it which indicates downtrend, but we are still trading around lower border of Icimoku cloud on 4hr chart and I hope that we bounce around here. There maybe also some weak support here on shorter time frame, so we will see next BTC`s move.
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If we go under this support, next one should be our previous midterm support, where we bounced last time, which should now be around 8100$, but if we break that one, I think we will drop at least to around 7500$
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We fell under that short term support which now acts like small resistance, but we are still above that midterm support. Also it looks like we have falling wedge pattern forming, so that could indicate pump which should happen soon or we maybe need to hit that support and bounce of it, which also fits...
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OK guys, looks like everything is falling apart, every support I thought we have is being broken. My last thought was that we are again in this larger falling wedge pattern and that we will trade inside and finally brake out and go UP, but looks like we are falling down from this too. Obviously BIG WHALES are playing games and there is no way, TA or chart pattern that will tell us what is going to happen. Last time this was happening, everybody was speaking of falling down to 4k and then we had that big 1k USD green dildo, so I think we might see more red dildos now since lot of people think we will go up and honestly I HAVE NO IDEA how low we will go.
BUT, I still believe that this is temporary, after all, those BIG WHALES want PROFIT and they don`t have benefit of BTC being cheap for long term, I think they are simply pushing price down as much as they can to get as much BTC as cheaper as possible. I think this is last time we are seeing these prices of BTC and that when it goes UP, it will not drop much.
Like I said I HAVE NO IDEA how deep we will go, but I think this drop will not last much more then few days/a week... So, be PATIENT!
BUT, I still believe that this is temporary, after all, those BIG WHALES want PROFIT and they don`t have benefit of BTC being cheap for long term, I think they are simply pushing price down as much as they can to get as much BTC as cheaper as possible. I think this is last time we are seeing these prices of BTC and that when it goes UP, it will not drop much.
Like I said I HAVE NO IDEA how deep we will go, but I think this drop will not last much more then few days/a week... So, be PATIENT!