So looking back at the wicks i have redrawn the bear flag on 4hr TF, and this would then give us a similar fractal of what occured on ATH, plus three touches to top trend line and three to the bottom, also shakes out any shorts with tight stop losses, a nice spot to look for a entry to a short if not already in one NFA trade safe
so we previously had the top in @52533 k so wernt far off, im still looking at this playing out as a smaller fractal of the run up to all time high, and have mapped these points to watch for the next move down wards trade safe and look out for the right shoulder to complete
so continuing on looking at this current run and a fractal of the all time high, it looks like we could run up to around 48200 ish give or take ar hundred or so then would be looking to replicate the dump that the all time high had, which on this smaller time frame would get us down around high 41k ish or low 42k ish range for this next big move, there is an...
So just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
As you can see on the Chart there are 2 key levels:
200 EMA (Important moving average)
and 20 / 21 EMA (Bull market indicator)
On the daily we wanna see a close above the 200 EMA in the very short term, but on the weekly we HAVE to close above the 21/20 EMA.
What caused this dump? A combination of things.
A well coordinated dump with alot of FUD (Fear...
As we can see on this chart, a head and shoulder pattern just completed it's formation from $30,000 back to $30,000.
If you take a closer look at this chart, we'll see another head and shoulder pattern starting from $20,000, which may eventually go back to $20,000 IF AND ONLY IF price does not break the resistance at $43,000 upward.
Therefore, if price does not...
Bitcoin's this week candle will close in 14 Hours and we hope to se its close above 54K zone
Retracement fibo has keeps BTC from more fall at 23% level and EMA 9 is acting as support around 54K
If BTC loss this support area probably we'll see more fall up to next Support in weekly Time frame which is 42K zone
Well Bitcoin is riding on a "Rising Wedge" pattern and in my opinion there are two possible ideas about it."Green" idea and "Black" idea.If it cant stay on top of the yellow trendline with a reliable candle it can dump really bad and follow the "Black" idea otherwise it can follow the "Green" idea and touch a higher target.Manage your positions wisely.
Market players expected Bitcoin's price rise to the June's local high of $10 425 until yesterdays dump. From the early morning sellers increased pressure and from $9 800 the price went down until Fibonacci 23.6% retracement level where 4H EMA 55 was broken down which resulted in a sharp decrease to 38.2% Fibonacci retracement level of $9 016.
If prior price...
Recently I've been only focusing on the macro-level perspective mainly on the weekly chart. This one is very interesting...
Take a look at the 50 Weekly Moving average . Anytime it goes down pulls the price down too. It hasn't happened very often and when it did in 2014 and 2018, massive price dumps followed.
It seems like today, 50 Weekly MA is...
In This chart, you can see the dump after "31 OCT 19".
If you check the chart of "25th Dec 19" bitcoin was dump almost 10%. now, what currently I'm feeling. We going to dump slowly-slowly in "Jan-2020".
Almost $1500-$2000 dump from the current price.
Why I'm feeling we'll dump not pump?
Cuz In the daily chart Bitcoin facing the resistance and bitcoin move big...
Thought I'd cover Btc, while we watch a big portions of cryptos dip. XTZ sits at about a 10% profit since my previous signal. I think we may actually see bitcoin finish its push back toward
$5500; If played right, can be very profitable via alts.
DotcomJack | EasyLootFund
Well, extrapolating the finite data, I think this should be pretty comprehensive. So the chart here itself is pretty self explanatory but let me guide some points here.
1. To be bullish or if I may say, see any upside soon we need to close above 0.618 fib which is around $7600 on a MONTHLY.
2. A side ways case could emerge if we get stuck between fib 0.618...
do you remember last dump ...
again it is very near to repeat history .
if we break below 7800 than next support is 7600 and than it can dump very fast to 7000 after that 6000$
we see market crash this week it .. impact will be on whole market (alts too)