BTC_Daily.Pips

BTC_Daily.Pips

This is chart I made fast for the general idea, I will insert pics tomorrow in the comment section with more elements, as I am sure I can find some nice ratios here as well. So, after more retailer accepting BTC is indeed good news in the long run, as it gives more perspective for BTC adoption. In the short run, it is a high pressure on the price, more big...

BTC_Daily.Pips

Following 2-3 days we have to hold in 485-490 Zone and possibly begin another bullrun, 550-560 is the next big target, wathing that if we break through!

BTC_Daily.Pips

Some ratios fit in amazing in the whole Fib picture, will post some pics on replies also with fibs. Dedicated to Emanance :D

BTC_Daily.Pips

Little collection of patterns, one may be forming now

BTC_Daily.Pips

The comment below will show the big picture of the following situation. (besides the patterns here)

BTC_Daily.Pips

We are at a very important moment, at the moment this triangular looks pretty dense and heavy, looks more bearish comparing with the previous ones.

BTC_Daily.Pips

Frankly, I am not so bullish about this market atm, but decided to give it a try, to patterns supporting each other, after a short yesterday, bought in at about 477, if it won't work, I have tight stop loss on it. Cheers!

BTC_Daily.Pips

Yesterday posted a bearish scenario, however, we can see now a similar pattern on the 356 EMA marked with ellipses on the graph, RSI seems struggling for the first time so hard with the downtrend. Could we expect, based on previous patterns, a breakthrough after the weekend? :)

BTC_Daily.Pips

This could mean another setback for the following days.

BTC_Daily.Pips

So, completed the bullish bat, but seems that we need one more push through the RSI trend, this could be important moment.

BTC_Daily.Pips

As long as it does not violate the 0.116 Fib level, also the pink line which is a major resistance/support level, we could expect some nice rallies soon :)

BTC_Daily.Pips

we could break the 550 support

BTC_Daily.Pips

around 600 is very high resistance and fits well under the trend. Propbably will make a divergence at the top.

BTC_Daily.Pips

Just an interesting scenario I wanted to share. Nice conflluences and patterns forming though :)

BTC_Daily.Pips

went long here to retest 600, if it touches the target will short back to try the cypher

BTC_Daily.Pips

nice opportunity to play the bearish cypher and short till the test of 500 where a good opportunity will appear after completing the bullish gartley. Edit: here is the whole picture -

BTC_Daily.Pips

The harmonic patterns seem working, shorting there to complete the bullish gartley than a good buy opportunity around 500.

BTC_Daily.Pips

If this range will fail to be broken than the harmonic patterns will be confirmed and hit the 500 area, completing the bullish gartley where is a good point to buy and hop on new bullish trend.