Buy Support, sell resistance. Bids ready for retests before large moves.
Bitcoin Bear Scenario 3 day. Chart Pattern = bearish MA = bearish TD Sequential = bearish
These two charts highlight the similarities between the 2014 and 2018 Bitcoin bear markets. The key points I’ve taken away from my “guestimation” are as follows: - The % drop in price at key levels are scarily similar thus far between 2014 and 2018. - The bull market of 2014 was far more explosive in a shorter period than that of 2018. - This bear market has...
BTC-USD 09.05.2018 - Price being rejected from the weekly level.
BTC-USD-09.05.2018-weekly levels
BTC USD - Interaction with the weekly level 09.05.2018
2 hour Bitcoin/Euro chart. Green triangle represents tightening price action (consolidation) before an explosive move (lower highs and lower lows). ---------- Bearish Case ---------- Bitcoin has been in a downtrend for weeks. This pattern looks like a textbook bear flag = Consolidation before the next leg down. Shorts are at an all time high. VERY...