The crash of today was expected as we reached the top of the wedge and had a fake out in it. As soon as I've seen the second rejection in the wedge and knowing that we are at Fibonacci 3.618 level, I've opened my short.
Nice crash to Golden Pocket and now looking for a reversal. Has also tested the uptrend channel and got rejected at Ichimoku Kijun line 4h as...
I think we can move higher but first come down a little bit and re-test the order block (red zone). Bulls might go ahead still and break more levels without re-test but I think we should wait for China markets to open today and we'll find the answer.
Anyway, nice move up after the inverse head & shoulders has played out.
Hey guys, this is how I'm going to play the inverse head and shoulders if it decides to act soon and doesn't get invalidated.
That means that the price needs to stay above 3685 on Bitfinex.
What do you guys think about my thoughts?
I totally love this token.
Have invested in it at ICO and I made good trades with it at all time high.
Now it's recovering and I hope to see it soon back to 46k sats, all depending on BTC though...
It had a nice bounce right off below 78% Fibonacci and shows nice signs to come up. Volume this week was great.
I just updated the death cross projection and there may be a possibility to avoid it.
How it stands now.... it looks like we're going to cross on the 1st.
I am bullish on Bitcoin long term but this 61 mark Fibonacci level must hold so I can remain bullish.
If it goes lower than 7900, we're going deep down and if the Death Cross is complete, we might have BTC at...
Here are my thoughts about BTC now.
We're into an ascending triangle which I think it's going to go to 12K + and then a sell-off of at least 10%.
Is anyone thinking the same? Let's see if my prediction will fulfil.