The price chart has been showing a very marked downtrend trend for days.
The price chart level fluctuates constantly below the EMA200 chart level.
The most significant signal to confirm or not the reversal of the general trend even in the presence of volume movements. Given the previous history and the cyclical trends before the Halving, it is very likely that the...
Bullish pennant still in place; adjusting the lines...
I see down path to 6599 support, then a breakout to 9967.
Bears loosing power, bullish divergence on RSI, waiting to see reversal on SQZMOM.
As mentionned in my previous post, BTC follow a pattern and tend to repeat history.
BTC will retest 7000e before entering in an accumulation and a new parabolic rush as seen in the last ATH of 2017.
BTC Break down of the triangle.
Soon A good opportunity to enter.
BTC downward movement towards 8.1K Euro ÷ 7.6k Euro.
An adjustment that breaks down the horizontal movement that had lasted for days.
The market will prepare for the next rebound.
Wait for confirmation of the next supports at lower levels to enter BUY (8.1K Euro ÷ 7.6k Euro).
The rebounding...
Hello and welcome back to a quick update from my previous post.
I will start the article by listing any changes made from previous chart, followed by my conclusion.
Below the conclusion I will try to "defend" my conclusion and go more into details for those who are interested in: the why.
Finishing off with the China News...
Hi,
In the image included in this publish, I have sketched resistance and support lines along with two trend lines. If we keep on trading sideways, the trend is not changing, it might be in December that we will have an evidence of what the market is doing. Will it break out and rise or will it go to its next support lines?
The Trend lines forming a triangle is...
The Highs A, D did not exceed the general dynamic resistance expressing a downward trend. At this time in correspondence with C, a Double Top can also be noticed, which has actually triggered the current downward.
The probable downward race towards D for a new fall to lower levels.
Still within the bear flag.
Possible bounce at 7,5k Euro in the next 4 days.
3 cycles with regular divergences on the same periods.
Now enter into the 4°cycle.
Are we close to the distribution phase?
I believe that by now we have reached the final stage of distribution that has lasted for days and the head shoulders (inside the distribution channel) seem to confirm the general reading.
Today also a hidden bearish divergence on the oscillators.
For many...
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