MANY of the major currencies are close to breaking their floors.
They have no real support after this collapse...
This makes the USD incredibly stong (NOT a good thing)
Only do to the fact that it is the global reserve and every other currency is in free fall...
BE CAREFULL, BE PROFITABLE!
When we look to the 4 hour chart, we can see a head&shoulders pattern is forming. First shoulder started July 17th and ended in July 28th. And than head formation started in July 29th and ended in August 15. Seems like second shoulder has also started in August 15th.
We can guess that the second shoulder formation would also take around 11 days as well, and the...
Bitfinex 1D chart
What happened today is of course this manipulation, the index of greed is off-scale, so this fall has happened.
Can we think for a long time why this happened?
But the fact remains.
This is what I showed on the chart.
Here showed a grid of levels and lines of supports and resistances and possible options for continuing the...
I just kidding, gods didn't talk nothing for me is just another analysis from your friend UNCODED.
Today we can see a probabilistic prediction for the Bitcoin in next coming weeks!
So, we probably can test/fall to the area around:
$8064 - $7582
And after that we can see a litle pump to the $14k area, so let's see.
That's it for now!
No guarantee it will follow through and I'd like to see a slight bit more volume to confirm but it appears we have a 4hr chart diamond bottom breakout. If so it should reach the breakout price target I have posted here and I expect then on this current pullback for the yellow horizontal trendline at 9646 to retest as and maintain support in which case we will then...
after the 3hr50ma refused to submit to the bulls at the invh&s neckline thee bears dumped it below the head and nullfiied the 4hr falling wedge at the same time. This is a great example of why selling at a neckline in a correction phase like this can be a very very smart move if you set a smart stoploss buy-in a few pips above the neckline. Since the smaller time...
After seeing price action climb up and reject right at the top trendline of this falling wedge then fall back down and find support right at the bottom trendline of this falling wedge I can now say with a fair amount of certainty that the h&s patterns were decoys cloaking this falling wedge which seems to have now emerged as the most legitimate current chart...
New Thesis on BTC,
Points to consider
- Resistance at $10,800 - $11,000 Zone
- Support at $9000 - $9200
- Stoch on downwards momentum
- RSI on downwards trend respecting resistance
- Bounce from support straight into resistance, .382 Fibonacci Retracement acting as CONFLUENCE
- EMA's acting as support but looks weak
- Volume is declining,...
still up in the air whether or not we will fill the gap at 11.2k but my prediction that we would hit the falling wedge breakout target has been met with exact precision...I was assuming we would hi there and then fill the 11.2k gap on fomo alone before going back under the inv h& s neckline and confirming a fakeout. Still a chance we can rise to 11.2k or even...
fallen angles btc is here what i said
cross line is acting like heal just for those one who lost their benefits
but after 8500$ btc act like hammer of thor
just this one firing this heal to which number again ? what is your idea
write your idea
I was anticipating we would break out of the wedge slightly lower here bu considering the previous 4hr candle closed as a bullish engulfing candle we could close the current one above the wedge and maybe even break here...if no I anticipate the 9924 horizontal will be the zone we break up from. I still think its quite likely we will be retesting the 1 day 50ma...
I don't know what matic is, but this coin has been forming a bullish falling wedge pattern for a while now. could this be the bottom of a huge bull run in the future? will altcoins just continue to die after all of these coins finish going up? I have no idea. but if you are just looking for an in-and-out trade instead of a long term investment I would certainly...
I'd say so by the look of that falling wedge, right?
This could be the kind of pattern that drags on for a while, nullifying both lines over and over until it finally completes and breaks out, but it also can start going up real soon, as we are reaching the apex of this current pattern.. It probably depends on the entire alt market- if BTC turns over and starts...