If we manage to get a daily close above the blue line, above 10k reversal could be in play and things get bullish again.
History may repeat itself, pay attention guys .. conisder 10k as level of confirmation, gotta get above it and consolidate
slowly getting wet here, support is weakening .. selling seems excelerating. at this point it's likely that we test prior breakout at $7500 take notice 200ma has been catching up perfectly to it, that bounce gotta be epic.
we made higher highs while making lower lows, this is a no-trade zone until it breaks the orange price range to either direction. Side note: watch out for a potantial death cross, it's getting tight!
So we just broke a major resictance here (purple striped line) which should and kind of already turned into major support possibly setting us up for unpresidented levels. We might hang out here for a bit, if everything stays in tact, within the triangle .. our 10k flirting range!
assuming we finally break resistance comming targets should be $8800 based on the prior ascending triangle that we broke followed by backtest to prior resistance line or eventually 2.618 fib followed by either a crash or blowing off 3.618 rise to $10200 which might be the top for 2017, otherwise if support holds along the purple striped line we could se another...
SegWit2x hard fork has been cancelled profit taking has started, we had a textbook reversal doji with a red 9 couple days ago, if this days candle closes as a gravestone doji there would no better indicator for trend reversal.
With the upcoming SegWit2x hard fork and the uncertainty relating replay protection there is good reason for profit taking, the top has been formed: textbook reversal doji with a red 9
Numeric time analysis shows a daily 9 indicating a drop for 1-4 days at least .. $5000 area should hold, there already is good suport at the $6000 lvl.
we got a breakout! there might be a pattern here suggesting another fenomenal run to the upside, if chart breaks 4100 and stays above we know for certain that new highs are imminent!