The resistance is holding and we're in a bear market. Just woke up and saw this, going to look for more confluence and wait for another bump before shorting but, it's looking like the same thing over again.
I'm short for now because price crossed one of my Bollinger trend lines , and price touched one of my lower Bollinger lines. Just for now a move back over $6,967 as indicated in the 4 hour chart or on 2 hour chart would cause me to review.
In the last idea, I outlined the levels and areas where it is already worth to gain short, the price has not reached 2 zone. After formed a head and shoulders that gave the signal for a correction. From whether a break of that line or rebound, I'm concerned about further movement. But I and the whole market in General is set to short positions. And judging by...
Big Picture chart showing Williams Fractal pattern and strategic opportunities using 50% point within each box construct in big scale.
Bitcoin seems to be doing a WXY correction for quite some time. IF my wave count is right, BTC seems to be working on the final 5th subwave of the larger Y wave. I expect a double bottom scenario, where BTC could hit 6 to 6.3k, and bounce from there. The bounce could be impulsive, or continue to evolve into a WXYXZ correction. I'm expecting the latter, but as time...
Just spotted William Fractal pattern on the 4 hour chart which I follow. It's yet to complete but judging where the price currently is I believe it is a bullish signal with $8,180 as target. Already found pattern in Stoch RSI which in part links with a pattern in MACD too. Although I would like price to hold above $7,181.5 which is a low reached after the Stoch...
Im crazy. But Media manipulation, cartels, stock market crashing, trade wars ongoing, and a possible global recession incoming.
To all my fans and followers.. Bullish Benji back again. Here to provide another update on what ive been seeing in the charts since Easter weekend. Ive got the magic eye and it shows that the Bulls are setting a grand trap for the Bears that have been roaming the lands for months. NEW Hunched Back Low appears to be setting in at 6900-7000 before the move up to...
Have updated my 2 hour chart. These Fib extensions could be hugely important for bulls and bears because if your looking for a trend pattern and you look back to Feb in my chart you'll see that these extensions were both important to the market on the way up as they have been on the way down. For some looking for a trend pattern going by one example in the past...
Hi Seildev here, Hope everyone has had great easter break and spent time with their loved ones. Today we're looking at BTC/USD pair and 3 horizontal supports are drawn which will act as support or resistance in the upcoming days/weeks. For our first scenario in pink arrows we're looking at first hitting low 6k first before a rally up to 8260 before testing major...
The above figure shows an example of an inverted cup with handle chart pattern (in red). Price makes a gentle rounding turn, forming the inverted cup. Following the cup is the handle, a flat region in this example that stretches from March and into April. Price jumps upward for several days and creates another inverted cup (in green) before starting a new trend...
Price nonsense over the weekend. Have updated my 2 hour chart I'm thinking short if it breaks out the weekend low $6,425.1 and review long if it breaks out $7,367.6.
So my thoughts, last 4H close was a graveyard doji, representing that bulls didn't want bears to advance, Volume is still picking up, more on the downside. RSI giving a descending price momentum, keeping up with a trend Price is hovering on fib line, trying to break trough Descending triengle giving a pause to the bears, not pushing the price lower for now If...
Did a 50% retrace $6,823.6 and good time to short Y/N?
I'm publishing a close up for the benefit of those who have been following my other tweets. My thoughts earlier about good reason $6.533 was a good low may be eroded as market moves sideways #btc_usd #btcusd #bitcoin #crypto
See previous postings for my take on this #btc_usd #btcusd #bitcoin #crypto
See previous postings for my take on this #btc_usd #btcusd #bitcoin #crypto
As reported in an earlier post using the 4 hour chart there is a Williams Fractal pattern on 4 hr chart which occurred at February's low which may suggest Bitcoin may have found good enough support at $6,533. I've added some Fib levels as alerts in 2 hr to make it easier to compare with same in 4 hr chart.