Sa5h4

Sa5h4

Not sure if this is a legit analysis, but this is the pattern I see. There will be a wave down, as always, but overall I believe we just entered a slow/steady bull cycle. We are on our way up!!! Let's see if this works out, sure hope so! :)

Sa5h4

I think there will be one more wave down to around 5.2-5.8k and then we will see a break out to 7-8k.

Sa5h4

Hi guys, here is my idea for the next 2-3 days for the big guy! I think we will dip down for the last time to 6k, to confirm the double bottom and then we are going up to the next resistance at around 8.8-9.2k... I've been following this double bottom scenario since 6k in February and I do believe it is within days now. Let's see what happens ;)

Sa5h4

Looks like we are going to shoot up for a bit to correct the indicators a bit, and then down to somehwere close to 7k. After that... I dont know. I feel 7k-6k is going to be the final move down area, we will double bottom and move on up... Let's see ;)

Sa5h4

We have another very clear wedge/triangle (not sure which is more correct in this particular case) formed and even though it might not be clear where we will be going at the end of it, based on the other chart that I haven't published yet EW direction is pointing down. So I think we might see a pretty sudden drop to 6500-7000 region. I do think it will be the last...

Sa5h4

Everything indicates to a downward movement, at least for a bit, to the next serious support at 8500 area. How strong is the support, I don't know, we will see ;) Having said that, we all know how BTC acts sometimes, so I would not, normally, give this more than 60/40 chance, but having RSI and MACD where they are, gives me more confidence that we shell move down.

Sa5h4

This is what I see at the moment. Overall I am bearish for some time now. I do feel that we will see 8k and potentially double bottoming at 6k, by that confirming the bottom and moving on up with a strong, properly confirmed, bull feeling. That would be an ideal scenario, imo!

Sa5h4

Most of the info is on the chart, but all I'd add is that volume seems OK, nothing spectacular, RSI and other indicators seem also steady, but nothing spectacular, I'd say not enough to break through upwards. Having said that, I do not anticipate a significant drop, even if the bottom is broken... Maybe to 9k where there is a ton of support!

Sa5h4

Follow the arrows... Volume is low, RSI is steady, constraints are in place and holding, for now... If the constraints are broken, things might get a bit more interesting, but overall it seems to be looking down for a bit more before moving up starts. First post, not a professional trader, but this is what I am seeing at the moment, just sharing my thoughts. Be careful!

Sa5h4

Follow the arrows... Volume is low, RSI is steady, constraints are in place and holding, for now... If the constraints are broken, things might get a bit more interesting, but overall it seems to be looking down for a bit more before moving up starts. First post, not a professional trader, but this is what I am seeing at the moment, just sharing my thoughts. Be careful!