malagadev

malagadev

Due to sell pressure, I guess it should go imminently to the down side of the channel. Bulls need to break 35$K to be in control. Bears need to break the channel to be in control. Mid-term I still feel personally bearish.

malagadev Updated 

BTCUSD seeems to be ready to head to 8800$ - 9000$ zone, just if the triangle breaks 8350 Fib. resistance on the upcoming hours, otherwise we can visit the support around 7200$ again. It should not be a 700 point increase straight away, but this is my perspective for upcoming hours/days. I think we have a bull weekend ahead O:)

malagadev

We might be retesting the mid-term bearish triangle (red) at 7000. If this support doesn't hold, next important support levels are 6500-6600 and 2900-3000.

malagadev

Volatility and volume decreased over the last days, it seems like we will see a good movement over the next hours as soon as the simmetrical triangle (white) breaks. During this period of indecision, the highs and the lows seem to come together in the point of the triangle with virtually no significant volume. Over the past weeks, investors just didn't know what...

malagadev Updated 

3 possible outcomes for the next hours unless a very unexpected bullish movement breaks the resistance at 7900 before all this happens. There is a possible ascending triangle, if confirming it could be a good signal of the possible uptrend channel (green). I think we will see a bearish movement over the next hours as 2hr MACD/StochRSI indicators are showing...