BTC first rejection on fib 0.786 (47264.39) resistance. i would expect some retracement towards 45954.34 again to retest the support before another attempt to break resistance fib 0.786 (47264.39). The bullish price action started from 21 Dec till 27 Dec forming the HNS pattern with a double top. It's clearly a bull trap and bearish pattern. in order to not be...
In this highlighted zone on the chart we can see a number of clear candle patterns that indicates push in price expected further along . Not only that, but also recent RSI inactivity tells us that you can strongly expect price changes, because of the whole market conditions (bitcoin up to 41k) supports this move up in a day or two. If you look closely to the...
At the moment on the Bittrex 4 hour chart Bitcoin is looking Indecisive. Short term, the price of Bitcoin can move in either direction. I'm still holding cash looking for a trade opportunity with less risk.
As I mentioned in my last posting, I took some short term profits in some of my altcoin trades. I still feel we need a short term corrective price move...
Many confluences as the uptrend line is broken on the daily timeframe, fib line up with numerous indecisive candles. ETC.
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