Interesting confluence here as I've noticed that the 4hr chart has a bearflag with a long enough pole that the exact drop target would be almost identical to where the weekly charts 200ma is currently residing in the lower 3.2ks. We all know the weekly 200ma provided the ultimate support for out last big bounce around this region...and it also has a high...
Not so sure the bottom is quite in yet. . .it could be and we could be just accumulating here but as we saw with the recent green candle that got rejected at the bottom trendline of the previous bearflag we are still in dead cat bounce zone so more downside is more probable than this being the current bottom...I really can't see it goign lower than 2.8k but its...
A break down from the flag is the most probable direction here...most likely just in time for Black Friday...the stoch rsi seems to concur with me...I will be taking advantage of those Black Friday prices and stocking up. You make your own decisions though because financial advice is not included here. Thanks for reading and good luck!
As I said in my previous btc idea I flly anticipated we would break down from the descending triangle ebar flag which we have...we are inching closer and closer to the drop target with every new 4hr candle...I expect us to hit this price on bitfinex but the premium may remain and if it does that means on exchanges like coinbase it could fall as low as the 4.4k...
Closing long position from yesterday. The RSI is showing overbought. Ascending wedge, possible bearish divergence. Take some profits now...don't be greedy. Always play both sides.
BTC continues to remain bearish. There is no volume to take it higher. I believe the final drop around $9k will happen by the end of this week. I expect next week to be bullish but the overall weekly trend is still bearish and I don't see a jump to $20k+ happening anytime soon. We will follow closely to see when BTC will fall out of that trend but I don't see it...
This is a possible path to a BTC Crypto bottom as it likely makes its finial decent to form a bottom. We are looking at a finial bear flag. Major resistance is about to be hit shortly. Lets see how this will play out.............
BTCUSD: Bearish Doji Star Pattern Below $31,750 Bitcoin was not able to sustain its bullish momentum this week and after touching a high of 31,730 on 06th June, started to decline against the US dollar. Bitcoin entered into a bearish trend channel below the $31,750 handle and continues to decline touching a low of 29,217 in the European trading session...
BTCUSD – Bearish Harami Pattern Below $28300 Bitcoin continues its bearish momentum from last week and plunged below the $21000 handle touching a low of 20850 in the European Trading session today. The global investor sentiments are weak and the continuation of the selling pressure across the global cryptocurrency exchanges is causing the massive slide in...
BTCUSD: Double Top Pattern Below $22015 Bitcoin was unable to sustain its bullish momentum last week, and after touching a high of 22181 on 8th July, started to decline against the US dollar. The downfall of bitcoin continues today and is now trading below the $20000 handle in the European trading session. The price of bitcoin failed to clear its resistance...
BTCUSD: Bearish Engulfing Pattern Below $24262 Bitcoin was unable to sustain its bullish momentum and after touching a high of 24195 on 20th July started to decline against the US dollar dropping below the $21500 handle in the European trading session today. We can see that after this decline the prices have entered into a consolidation zone above the $21000...
BTCUSD: Evening Star Pattern Below $24607 Bitcoin was unable to sustain its bullish momentum and after touching a high of 24597 on 30th July started to decline against the US dollar dropping below the $2300 handle in the European trading session today. We can see that after this decline the prices have entered into a consolidation zone above the $22500...
BTCUSD: Bearish Engulfing Pattern Below $25196 Bitcoin was unable to sustain its bullish momentum and after touching a high of 25196 on 15th Aug started to decline against the US dollar, coming below the $24000 handle today in the Asian trading session. We can see that bitcoin failed to clear its resistance zone located at $25500 for the third time this...
BTCUSD: Bearish Engulfing Pattern Below $19685 Bitcoin was unable to sustain its bullish momentum and after touching a high of 19694 on 18th Oct, it started to decline touching a low of 18718 on 21st Oct. We can see that bitcoin has made a failed attempt to cross the $20500 resistance on two separate occasions this month and is now back in the bearish zone. We...
BTCUSD: Shooting Star Pattern Below $17110 Bitcoin was unable to sustain its bullish momentum and after touching a high of 17110 on 15th Nov, the prices started to decline against the US dollar touching a low of 15509 on 21st Nov. The global demand for bitcoin continues to remain weak, and the prices are expected to break below the $15000 handle soon. We can...
The price trend could still continue to go down on this prices. The major support zone is labeled as blue. A lot of opportunities to grow your bag.
the 19/8 breakdown on $BTC did not follow through to play out the entire textbook projection of a bear flag breakdown. currently $BTC is morphing out another mini bear flag within a bear flag. the drifting price action remains a sign of lacklustre and reluctance from investors
Hi everyone, Thank you for considering reading my idea. I think we are forming a bear flag with two potential targets. Target 1: If we break down the lower line of the flag, target could be at $29,000. Target 2: If we get supported and break R1 but get rejected on R2, target could be at $30,800. Let's see if this pattern will get invalidated. Thank you for...