If you have look at the daily chart you can see a clear hidden bearish divergence which is a trend continuation sign (confirming that we are still going down). It also forming on the simple RSI too. On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down. Yes we broke the bearish trendline, but it...
Hi guys! let me share my idea about BTC. It's my personal opinion, I'm not telling anyone to buy or sell bitcoin. As you can see on the mid-term we are going bearish. The price failed to break the 0.786 fibonacci level which is around 9k and bounced back. What makes it more important is that, at the 9k level we didn't just bounce back from the fibonacci level but...
Hi guys! This is my first publishment. Comment if you think it was helpful or not, because every comment helps me to improve. Let's jump in! 1. First bearish sign is the mid-term down trendline I drew. 2. We can also see a clear elliot waves pattern. We can see a ficonacci level at 9k and even the 5th wave didn't test it, so I don't think we are moving up again...
Following the Week RSI, we observed points of strong reversion in 61% FIBONACCI. This point was surpassed after years of resistance. The reversal is likely to occur near the point 78% or even 100%. We can buy at the end of the correction and make a profit. Let's see.
When BTC had that little pump action shotgun a minute ago, most alts suffered terribly. ENG took just a small loss, and has started recovering quicker and harder than all the rest. We have a support at 1600sats that we need to stay above, and then should have a good chance of breakup up past the .618 fib into better gain territory. Will update with better chart as...
Should we see Close below 9438 on H4 Take Short position below that Candle low. The 1st Support would be KS around 8850 2nd Support would be Daily KS which is around 7646 Stop would be candle close high above Bull fractal.
Chart is self explanatory. Pullback in a extremely bullish move. Overall still bullish in the long term chart.
Based on the news (btc-e has/had issue's / ddos attacks other exchanges?) i don't think we would hit 500 soon. My guessing is first the market will dump - price will go down to 330/340 and then buy. But i'm waiting to break the trendline and then join the move. What do you think?