Do you guys also notice this weird inverse head and shoulder pattern on almost every chart??? Do you think it will break bullish or does it want us to THINK it will break bullish and dump hard?
Although we are making lower high's and lower low's since July, there were multiple opportunities with dash! For bulls and bears! As you can see in this downwards channel, every time there was a bounce and drop on support and resistance. For those who have patience, there will be soon more opportunities, it's worth keep an eye on. Currently the RSI is so...
Are we just making a lower high before making a lower low? A lot will tell us once the 4 hour candle is closed. If we can close above the down trend line and above the Fib level we will go to the 8000 region. If the trendline and fib level acts as resistance once more than we might fall down to the 6000 region.
Price is currently on a important level! Currently the rising trend line is acting as support and price is also right above a fib level. If we can hold this support price can rise to resistance of the triangle. If we can't hold support than price will drop to the next support levels. I'm currently more bearish because on the weekly chart it looks to me like a...
We can see a trend line as resistance for a very long time. Bulls pushed through resistance and now act as support. Therefor i'm going long from here. What are your thoughts on this?
With technical analysis i think in possibilities. There are always multiple possible outcomes and we only know for sure after a break of one and other. A. We can see multiple touches on the long time descending trendline. If we can break resistance we can enter long. B. Looks like a descending triangle , time to go short if this pattern breaks bearish. Next...
I think that BTC will still drop to the 6000 region this year before exploding bullish to all time high's.
If we can hold this level we might bounce 20% up. If we can't hold support i see us dropping - 20% from here
A possible reversal from here for at least a decent bounce to the upside. Don't forget to add a stop loss !
- RSI almost oversold on the daily - Retest of broken trendline - Important FIB level - Decline bearish volume Looks like a reversal is getting close.
I see a great opportunity once we can break the trendline.
Do you agree on this pattern? What are your thoughts?
I think that price will hit the 0.786 fib before any upside movement. That region is in line with the previous broken trendline that can act as support and we have one more confirmation with a other trendline.
We have a lot of resistance at the 0.30 region. It is at a important FIB level and we have a rising channel which will act as resistance as well. If we can break this area's i think we will go fast to 0.32. I we can't break resistance, i think we will find support at 0.28 Let's see how the market will react.