Very simple pattern here in a world of too much noise. I expect a rally until Christmas and then pain until Valentine’s Day. #BTC #BearMarket #ChartingTheCourse
Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities.
What's new?
-Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever...
After breaking to 10200 as expected, we again trapped at yet another potential slow downtrend towards 9800, 9700,9600, 9400...bottom line we have created so much confluence with indecision there is no clear signs of a major break. Bitcoin is now trading more like a stable coin than the volatile monster that we came to know. I will be adjusting the orange slopping...
We just set another lower high, unless the Gods of Bulls charge from thin air expect us to continue meandering down. Predicted moves are still holding with the addition of a tentative support at 9600 failing to hold this on our way down will see us registering yet another lower low before long. We are currently trading on thinner support and resistance range, so...
If we can see a reversed head and shoulders here alongside with the volume that just came in and the macd forming a (crossing) upward trendline, then I do believe that this was the bottom at 6k.. However it's almost impossible to predict the bottom of this
Good volume coming in and a bounce of the bottom trendline with a crossing macd. If you look at the daily candles the rsi is extremely low, which often indicates upside coming back into the market. I definitely expect btc testing the resistance of the trendline again. And maybe even breaking it if the crypto news out of the USA turns out to be good. What do you...
