Have the BEARS taken over BTC?
In my last chart...
We are at the point where I believed we could see a reversal. As I explain lower, we need to hold above $6,775 to start heading higher for our CHRISTMAS run or SANTA RALLY as it is commonly known.
While news out...
Take a look at a quick draw up of the macro support and resistance lines were seeing with Bitcoin.
Red = resistance
Green = Support
Expect high volume while the price is around these areas, and keep in mind the diagonal resistance lines around 9200 for the resistance, 4300 for support.
This post serves as a reminder to always keep the macro...
I HAVE JUST DUSTED MY CRAYONS OFF.. and it is time for a new chart, as the last one invalidated with the last drop.
We broke down through the SUPER DUPER SUPPORT, the pattern was extremely profitable until this point :)
Right now I am looking at this pattern...
We've seen this descending triangle play out all year and it's stuck to formation. The question is at this point, how well will harmonics play into the direction and support/resistance. The .618 fib, has played out twice this year and looks to be setting up for a 3rd time.
I'm looking at two things..not a bunch of indicators or hype/fud..
1) from the three...
We are directed in to the possible bottom in 7400$-7700$ zone.. If we don't hold it, we will continue to 6k zone.. But i think we won't broke 7.400$ zone and the trend will change there to uptrend. Also bullas showed us with every pump they make they got rejected pretty hard. Good luck.
Before predicting Bitcoin to 100k or 1 mill remember, "The World has enough for everyone's need but not for everyone's greed"
Disclaimer : As a chartist I don't have any intention to manipulate the prices, all our work is completely based on our research and analysis, we request you to please read the complete report before making any type of comments. the only...
Some kind of bullish divergence on 4h TF and so far it could mean we about to breakout from wedge which everybody is talking about these days.
Long-term bullish above 9400$
Long-term bearish under 7500$
Short-term resistance at 8800$ and 9200$
Short-term support at 8200$ and 8100$
We moving in general up trend channel
I see on the chart a standard movement similar to the movement of 2015 impulse - correction - impulse
After we touch the resistance line - the correction channel, bitcoin go down to the mid-channel line
In that zone will be the finale of this story. or we will break the support line of the up trend channel. or we will break...
This chart is pretty simple. It shows you two main trends and the converging point. We're now almost a year from that impressive run from 3200 level. Caught everyone by surprise without giving a chance to buy pullbacks. There wasn't decent pullbacks. And the reaction at the top was nasty. And we're still feeling the consequences of that massive selloff at 13400....