We may have just hit bottom for the time being. Looks like a bounce spot once bulls feel comfortable. Strong support right below us, i have doubts we will break it on this run. If we do 7200 - 7150 area is the next support which happens to be fortified diamond titanium extract support
If Bitcoin want to go up. There must be a dump&pump like at 01.10.2013 date.
Free fall we definitely did when we sliced right through that support block in my last chart. Bounce will be commencing shortly, 8100 is the target for this insane dump. Worst case scenario would be 7900-8000 area before the chaos stops. I don't even want to think about any lower, just doesn't seem likely with out a bounce first! We've had enough ready your...
The latest support and resistance shows the worst case scenario for the possibility of the massive sell off..
Rising wedge squeeze-out soon. Lock in profits and buy the dip.
BTC has no any chance to rise until this. 2,6 Billions trading volume on Bitmex in 24 hours. It's more then 4 times more then all other markets together. Bitmex is market maker now on BTC. Market price can move 5% if someone sells about 5000 bitcoins with Bitmex leverage. It's not that many (50 btc *100). So until we got many institutional investors who can...
After the bull run to the 20k usd, btc started the correction. When will the correction finish? Are we at the bottom? It's ready to go up again? In my opinion, not yet. The chart is forming a descending triangle: I think that first of all, btc has to touch the blue dashed line (base of the triangle) for the 3rd time (6200 usd area). From this point we could have a...
No TA just going off gut feeling of market sentiment. Mini support here at 7250 won't hold. Let's hope our 5.9k does!! Big trouble if not-
Chart is how it was, called the Bear flag before it even fully formed. There was a quick bull trap before the dump... as expected. Don't want to come off arrogant but i have seen 4-5 charts wrong in a row by our 'top' authors yet they have tons of views and likes. The noobs with much more accurate calls don't get any love , come on now.
Nothing special Just what i see happening We may just trade sideways... but i think this needs to happen. Go down before we can go up!
If this falling wedge plays out, BTC will hit around 7180 before having a strong bounce to 9200 area and beyond. The Bear flag i drew at the bottom broke out upwards at first. Tricking buyers into having hope that we were reversing there before getting dumped on. If BTC falls out of this channel we could be going to 5.9 - 6k for retest of our previous bottom....
Bear pennant formed pretty nicely, i can see a potential beartrap if the buying power is there and us breaking up a little. Other wise if this plays down we could hit the high 6000's
THIS IDEA HAD TO BE RE UPLOADED BECAUSE THE LAST ONE VIOLATED THE HOUSE RULES Hello everyone, I hope you are having an amazing day! I'm here again today with another TA/FA on BTCUSD As you can see on the chart we saw a huge drop in price of Bitcoin , why's that you may ask? A lot happened today (past few days) all "FUD" FUD from Japan regarding Crypto...
If current support doesn't hold i see a small rally / bounce right around 8.8 thousand. Most likely won't hold , and 8k will be our real hope. Buying force does not look strong at all, plus negative news in media with SEC etc. Both prior supports were broken, although they did hold up a bit. Notice how the top authors are now all becoming bearish. They are simply...