After forming a double top at $11,800 and breaking below $10,000 support level , trends have been weak and we've seen continuation lower. Bitcoin has since came back to retest $10,000 as a resistance level and we are now seeing a clear rejection at that level. This suggests that sellers are back in control and look for continuation lower to our $7,000 target.
See details on the graph. It is time for a retracement and possibly a lower-low to 5k range or lower.
It is time for a major selloff soon for Bitcoin. All timeframes are grossly overbought and showing signs of bearish momentum divergence inbound. Regardless of the fundamental aspects causing any bitcoin increase of price I highly suspect the technicals and high selling pressures will move this correction downward just as it has in the past. You can also see it's...
From plotting resistance lines from the lagging span, you can get a clear picture off ware ETC could be heading. The kumo cross combined with the tk across happening above the cloud indicates a strong bull signal. If the Volume can increase we can expect to see strong bullish behavior towards these resistance lines, most likely with bounces between.
Broke through 50EMA + pullback Found resistance on round numbe Failed breakout on 23.6 fib
"Oil drops more than one percent on profit taking after four days of gains" www.reuters.com
Price has rebounded in the resistance level.
A resistance rejection in addition to a strike of the pilots maintain the bearish trend.
Price has rebounded in the resistance level.
Price has confirmed the resistance rejection after having approached sometimes.
AMD looked to possibly test the lower basis MA on the Bollinger Band in the $12.60's area. However, it has caught a bid in the mid 13's. In order to blow past resistance that has been tested 5 times so far. There needs to be MASSIVE volume and new buyers.
Hey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling...