Kilgore

Kilgore

A descending triangle has formed and its 5th top may mark the beginning of another downtrend, which could bring the price to the $270-$280-ish level, with a short stop at $340. Just a call to be careful about a probable new bear march.

Kilgore

Sharing some thoughts for the next hours published on the chat some hours ago. Still some things to happen before we finish the correction. Clearly RSI was overbought around 980$ and MACD confirmed the bearish turning point. Some bounces between 38,2% ($800-ish) and 61,8% ($870-ish) before going down to $450-$500-ish... maybe :)

Kilgore

The final push down to let BTC be ready for the next uptrend next year...

Kilgore

After a couple of pull-backs EMA 96 finally approaches the 254. If they cross, next pull back could send us below the support of the 850$

Kilgore

If we manage to break the 900$ resistance, next stop is at the psychological 1000$, if not, we are in a double top which could bring the price to 650-550$ range or even to 450$ in a more bearish scenario.

Kilgore

Bearish at the moment...

Kilgore

The most important resistance test since the 100$ is near...

Kilgore

Support levels may be at EMA-50 (440$), Fibo retracement at 76.4% (432.7$) or EMA-100 (421$)

Kilgore

The bulls went to sleep

Kilgore

On the way to test the 450$...

Kilgore

If broken we could see 300$ before China wakes up...

Kilgore

This time we might see a panick sell...

Kilgore

Looks like it is bouncing up to 330$ before pulling back again? Anyway, China is waking up in 5-6 hours, then we will see if this is going bearish definitely or if it is sky-rocketing again...