$BTC finally closed the day below EMA50. If it stays below that EMA for a maximum of 5 days, there will be a crossover of EMA50 X10, this is very bearish and will lead to the next support. I think it's likely a retest of the EMA50 before going down. Waiting
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Note that up to this point the $ BTC fractals between 2014 and 2019 are fairly similar. On the old chart, after reaching around 0.382 of the Fibonacci level there was a great correction to confirm support and follow the Bull later.
This is where we are in 2019: at the 0.382 level Fib.
Are bulls today stronger than those of the past?
I will be summarized and objective.
I look forward to breaking up this triangle and reaching the following targets. I'll take half the profits on the first one and watch it hold until the second or beyond.
$BTC has started a small retraction . At the moment he is leaning concomitantly on the parabolic and the first level of Fib
The parabolic is getting tight. For me the safest support is the base of the descending triangle of Bear, around 6k
How crazy, BTC is flying!
- Bakkt signaled advances on BTC today
- Another 16 day ETF decision
- Breaking Bear Resistance
I see these two great resistors above, 8500, and just above another level of Fibonacci
Finally $ BTC broke the resistances of the great Bear, in a very similar way to 2014 (as I posted earlier), and this is the current scenario.
At the moment, BTC is testing the 0.23 FIB level as support if we consider all of Bear.
If this level is not enough, I see the following chart supports.
Remembering that in Bear of 2014 the 0.23 of fibo could not maintain...
I'm not seeing any strong signs of reversal for DENT at the moment, however we can notice some points that call attention.
-Fort accumulation: highest peak volume of purchases of all time a few days ago (at the end of April). This may be a sign that large investors may have insider information and are buying for future highs
- Starting a possible high divergence...
Well ... Looks like this race is nearing its end. The parabolic line is soon to be broken, unless a new upward explosion happens - which is unlikely.
It is important to remember that the parabolic break is commonly followed by a strong correction
Looking from here, it seems that IOTA is losing the last important support for another big fall. Black horizontal lines indicate possible purchase points. Below one, the target will be as follows. I would not go into IOTA until a clear sign of reversal, this can last for months. I'm short
I'll try to be direct. $ BTC broke all resistances virtually uncorrected several weeks ago. There's a problem with that. The resistances have not been confirmed as supports and this "weakens" the movement upwards, besides making it increasingly dangerous. Notice how the EMA's of 100 and 200 were broken easily and relate to what I explained above.
I sincerely await...