I think it's still uptrend, because the latest fall didn't break the lowest price, and the price was back on the upward trend line.
Therefore I expect the price will be a bit higher, however price increase will stop around 410,000 yen. There will be double top or something around the line, then I will have a short position till 350,000 yen.
SO btc has been going down for weeks now and let me tell you this it is still going down and selling climax is yet to come.
everyone is talking about 3000$ line which is ofc strong and last friday it has rebounded about $200 and being stopped.
Now some of you may thought that it was rebound for trend to be ended but it is not!
you can see it has been stopped from...
As you can see btc has rebounded last night and some of you may thought that it is selling climax ald.
let me tell yall.
Selling climax isnt yet to come.
As yesterdays rebound was stopped at the resistance of two lines.(YELLOW AND GREEN)
this shit gonna pull over and go down
So we got a new ATL for 2018
here are various fiat charts for reference on the weekly timeframe
no-one can really doubt we are now in a full bear market
to get OUT of bear market we need to move above these red trend lines of resistance which will not be easy!!
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big up and peace be...
The Bitcoin / Yen chart, in a 3H timeframe has formed a symmetrical triangle. This pattern depends on the break, if the break is in the top line of the triangle it is recommended to open a long position, on the other hand, if the break is in the lower line of the triangle, open a short position.
Multi fiat outlook for weekend of 20th October 2018
looking glum on the dailys all round
volume and momentum lacking, weekends we can see some big moves due to even less volume
we have see strong support at 6300-400 but will the bulls run out and the bears take over? if so obvious lows will be 6100, 5800 and 5400
im bullish on the hour chart and its changing...