capoeira

capoeira Updated 

you fail 3 times to keep the price over 70k, bears got hyped.....but got deeply disappointed cause they couldn't keep it below 65k either. a new bull attack at 70k might have less resistance this time....also halving hopium would help a lot.

capoeira

be aware bears. hard to avoid new ATH. and I have to write more into this description to get this idea trough; thanks TV

capoeira

after the first red, switch to daily candlestick and wait for a new top: sell!

capoeira

some kind of triangle will form on $4000 support

capoeira

normaly a down signal, this could explode into both directions soon, imo

capoeira

just for fun (almost)

capoeira

else the trend will break

capoeira

(ETH+ETC) perhaps could be described as "the real ethereum price" (?)

capoeira

could be interesting

capoeira

this is a description, which isn't actualy necessary

capoeira

and this pattern is just a guess. but still i don't doubt that this channel will be broken up

capoeira

second bounce from 50% fib (not confirmed yet) building possible dubble top. Also building an RSI divergence. beeing 30 a psicologic support I would say this would be the neckline

capoeira

about to form a dubble top - neckline is also 50% fib which could hold, but if not this correction ends

capoeira

no, it's not a trading idea, nor a prediction. just showing how the first 2 fibs fit into that (projected) bottom near 1.000 yuan

capoeira

after 3470 we go deep

capoeira

1), I forgot to include RSI. it will be in oversold ranges soon. at 550 it will be defently oversold around 550 we have also: 2) the very important 50% fib line 3) a very strong suport (blue crosses) 4) soon erverybody will be bearish; strong signal that it turns lol (this is not too serious, but think of it: when all short and midtermers are bearish, it means...

capoeira

fits nicely

capoeira

that wont hold