BTC now down to the critical 3500 to 3600 zone.
Hard to speculate on what happens from here.
My Opinio is the 0,5 Fib Line reacts now as resistence if we break this resistence upwards we can go to the old support line i marked it with a red circle.
My Overall opinion on the market is still bearish but we can see for now a bounceback.
A largely dangerous and sideways market for crypto.
BTC trading within 2% ranges for 76 and 60 hours respectively.
if the next series of volatility brings in bearish movements, it is good confirmation that crypto may be ready to set new lows.
We saw a strong resistence at 4100$ we dropped back the candle i have marked is bearish and i dont like it. The 0,236...
The last 24 hours have been quite interesting and informative. We saw a nice breakout from the bullfrog on lower timeframes but as many times seen on bitcoin a clear rejection from the top and a dump back to where we started. I think we can go to 4250$ today if the support don't break if the support breaks then we can go all down to 3800$. If BTC goes up i will...
We finished the Head & Shoulder and so we are back on the MAJOR support line. If we broke the MAJOR support line ($ 4200) then we would be back into the channel again.
That would be our main goal. But now our MAJOR line is a great resistance. If we broke through the resistance we would test the same line again and that would be our entry into a long.
Right now we...
Bitcoin is about to break and it's a BEARISH sign on the indicators. I have set a SHORT order ...
Why breakout? : At the 4h chart you can see a clear triangle. Each trader sits just in front of the chart and waits for a position he enters.
Stop Loss is $ 3900
Why BEARISH -> The volume continues to decrease. RSI is centered and has great scope down ..
Of course we...