RIOUD

RIOUD

BTC broke out the channel after a double bottom wich might be a reversal of the downtrend. Anyway, i am long and expect to retest the strong resistance after breaking 42,3K

RIOUD

A huge bearflag doomed up the 1d Bitty chart. as you can see, a huge red candle broke the bottom as confirmation. the downtrend, the EMA's, ... all these things together make me believe we are heading towards 28K-30K before the long term market will reverse. **Note: this is not financial advice, just my humble observations. follow my profile for future ideas

RIOUD

The 4 hr chart shows a clear downtrend and is hitting a strong support level. However, as the 100 EMA is going towards the 200 EMA looking to cross. If that happens, i see a bottom at 28K-30K. On the daily chart a bearisch trend is even more obvious (See the daily Idea post) I tend to post my ideas on BTC from now on a regular base, feel free to follow my...

RIOUD

With waves above the 20 EMA bitcoin is moving towards the 50 EMA probably to bounce on a higher wave towards 44500 Rsi looks like going down but i think that big spike isnt representative and thus moving up more likely.