Trading39

Trading39

I don't put my hands on fire for EW on bitcoin, but sometimes it works. And the head and shoulders might work too

Trading39

I have been fowling this chart for months, I'm going more or less all in here, with a few stops to do partial unloads below 290. If the long term support line is breached it can go way down. It has to bounce here. Add: I changed the line slightly, since there were two lows under the line, and it is now crossing around 271-275: this has to be it or bitcoin will...

Trading39

It's too early to tell, but the charter is showing very short-time signals of weakness: the triangles are starting to go less up and going sideways. It managed to go above the previous high of 816, but barely. It might be temporary, but it seems we are going to see some lower prices. Lets see if the supports will stand.

Trading39

The Charter is pretty clear: we are now on an uptrend channel, after breaching the black median-term downtrend line that starts at 1240. Therefore, until this channel is breached, it seems we are going up. Watch out for the horizontal line at 839. If that line gets really breached, we might go up more. The breach of the blue support line at around 783 will be the...

Trading39

I'm expecting that the price will move between the black downtreand line and the blue support line at 452. A touch on the downtrend line will be an opportunity to short. A touch on the support line will be a more risky opportunity to go long. I think that eventually the support line will be breached.

Trading39

I'm as bearish as anyone here for the median-term, but facts are facts, the price breached all my resistances lines, it might go up to 658 on the short-term (see the downtrend black line). And if it breaches also this line, watch out the red ones at 839 and 826. I don't believe it, but if these go away I'll put my helmet with horns.

Trading39

The red triangle is pointing down. My target is the blue support line (see my Negative Chart 1) for a better view. But it won't be a fast drop, it will take time.

Trading39

Anyone looking to this chart will arrive to the same conclusion: the price is going down. There are a few support lines, but I'm expecting a reversal (at least for some time) on the blue line.