CryptoAddict77

CryptoAddict77

Negative divergence on MACD and RSI. Rising wedge. Both bearish. Target price $500-$520

CryptoAddict77

BTC needs to consolidate. The buy areas of support are $500 and $475 if it gets there. $530-$540 is resistance for now.

CryptoAddict77

Buy the dips

CryptoAddict77

Retrace to 0.0295 - 0.03 is most likely coming soon. RSI also has negative divergence. There is always a possibility for another advance if BTC weakens more.

CryptoAddict77

3 potential targets for this uptrend. After that another downtrend to the strong support around 0.014

CryptoAddict77

Most likely this consolidation to be resolved on the downside. There is still a chance for a break over resistance 0.02050 - 0.02060 if BTC shows some weakness.

CryptoAddict77

Prices should break down from here

CryptoAddict77

The recent consolidation is coming to an end soon. I would say by the end of today we should get either a break up or down. For some reason my gut feeling is it will be down. Even though we have the DAO purchases in full swing at the moment.

CryptoAddict77

When this wedge breaks we will get a bigger retrace

CryptoAddict77

This looks like a bull flag and a high probability for ETH to resume the current short term uptrend.

CryptoAddict77

It should break either up or down in the next 4-6 hours

CryptoAddict77

A bear market retrace up is coming that will most likely come at the same time with a retrace down in BTC

CryptoAddict77

Some kind of retrace coming soon I am not sure if it will stop in the $440-445 area or keep going to the $430 area as displayed on the chart.

CryptoAddict77

Going for the trend line resistance at 0.02020 on 30 min chart

CryptoAddict77

Very close to the trend line resistance. It will either break it and move up or it will revers at the line and continue the recent downtrend. Bigger chance to resume the downtrend at the moment.

CryptoAddict77

Broke trend line that was established over the past 3 days