SymTriangle Structure + RSI bearish divergence on daily charts. CMF bullish divergence failed. Right now we are facing big selling pressure.
The price should stop on one of the supports. But if we drop properly, we can expect even 3k soon.
Use sentimental indicators to...
Dear reader, I hope you have an intense desire like I have to do whatever it takes to reach your financial dreams. My goal here is to share my money making an idea about bitcoin and altcoin markets on " long-term perspective". I am not professional writer neither English is my native language.
Bitcoin is widely used for the purpose of money...
- Potential Cypher/ Shark.
- Approaching 20 and 50 dsma. Both acted as support resistance in past. 20 crossed with 50 recently. Bearish death cross.
- Approaching 50% of retracement.
- Potential rising wedge.
If the price reaches the next resistance, great short opportunity upcoming.
Expect small retracement here, but either. But this is a high-risk scenario. Over the past week, bitcoin has been dumped roughly at 10 p.m UTC 4.
Lets see if it happens but entering long os not safe. IMO
Pullback to 10000 then will see who stands bulls or bears. Notice wedge shape pattern, bullish RSI and MACD divergence. Lower trendline touch.
TD seq. daily bear exhaustion. It probably won't fall under 7700, bears are simply exhausted.
Recently I posted short trade on bitcoin but something came to my mind, what if the whole leg down is bullshit, whales just want to pick our stops and ride bitcoin without us on the boat?
And my first question is, why the fuck, OBV made the bottom? This is bullish divergence by the way. And why OBV trend still holds?
TD hits 9, high probability of pullback. Sits on very old support ETC/BTC
Can either consolidate or drop back to support. this will really depend on what bitcoin is doing. I expect this pair to drop.
And this chart is the main reason to...
To understand why, read related idea below.
ETH/BTC chart developing fractal confirmed by negative volume.
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is...
Now we can see the great pattern with great risk/reward ration if to trade properly. Double top. Because we have huge negative volume, the pattern will probably perform well. But entering into short trade right now would be unwise because we can either to pull back to 10000, either to form a range. I think 200 sdma is important...