mycotoxin

mycotoxin

ETH- below 1800 its 1560

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BTC - The green line at 29K is the bulls last line of defense if 33800 fails to stop the move down . Below 29k there is no good support until 19K . (the dashed green line is slanted because its a slanted parallel channel )

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BTC requires a close above 40K to end the week and this will then switch the 40K resistance into support. If BTC is unable to close above 40k and then drops below 30k next week then there is no real support until 19k . From 30k to 19k is an 11K drop so if BTC hits below 30k have your plan ready.

mycotoxin Updated 

BTC -Two failures on the top of the chart and if rejected at 39772 BTC will probably drop to 33800

mycotoxin Updated 

Do Not Panic sell and lose your hard earned shekels as BTC is still in the daily channel - wait until 34k is broken . if 34k is broken then there is a problem and if 29k is broken ill exit . This current move is similar to how the last bull run begun in the chart below and BTC will need BTC to remain above the green candle at 34k

mycotoxin Updated 

BTC Volume profile shows nothing but fresh air till 45k and 48k if BTC drops then support is available at 35 , 32 and 24k

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The main challenge facing BTC will be the resistance at 49K area. ....but first we need to see BTC get to the resistance @ 45K and break out the top of the parallel channel its moving in on the 4 hour. if BTC closes outside of the parallel channel then we could see it retest the lows at 28k - Hopefully BTC will follow the path of the yellow arrow . On the...

mycotoxin

The large bearish volume spike at the bottom of the charts indicates the Bears selling climax. The bears have most likely dumped the last of their baggage and BTC will consolidate between 43k and 28K for a week or two before breaking upwards . This range is not a good area to trade as the consolidation is going to be used to shake out the last of the...

mycotoxin Updated 

BTC at the Buyzone - Hit 28k already The RSI and Stoch have bottomed and the weekly has also landed on the 50ma

mycotoxin Updated 

BTC - Hit the 50 ma (yellow line ) on the weekly and can start consolidation here. This area is a double support area and BTC should attempt to bounce. it may take a week or two for consolidation to complete as the market will need to shake out the volatility .

mycotoxin Updated 

BTC- Capitulation , another normal day in cryptoland - we may be at the first decent bounce spot at 33k if not then the next stop will be the 28K area.

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BTC - Falling wedge and can move to 49k - However must remain above 39k or risk falling to 33k

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The volume profile shows there's nothing but fresh air to stop BTC if it decides to break lower and the next best support is at 33k .

mycotoxin Updated 

BTC Last chance for bulls is to bounce off the yellow channel wall at 41k and close above 43700 on the daily . if not its down to the 38k zone

mycotoxin Updated 

BTC - This looks like a newbie wrecker bear trap why ? because the BCH chart below shows its at the bounce area - so BTC should be at its bounce area also . if BTC was breaking down there should have been a large red candle down here at this area , i dont see it currently which would make this move down a bear-trap .

mycotoxin Updated 

The 44k area is an important support area and if BTC closes below it this area will now become a strong resistance . Hence if BTC then bounced at 39K it would now be rejected at the 44k resistance and can drop further past 39k to 33k before retrying the move up again . This is not a good scene , hence the BTC will bulls have to show up and save the day and...

mycotoxin

BTC At the last area of strong support, if it breaks that its a large red candle down to 39k

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Im going pout on a limb here and calling Bear-trap on this move. why? Because the green bar is support and this is where BCH should bounce and its at that area currently .... The only other option would be a massive red candle down to the 800 area and I just dont see that happening because BCH has left the accumulation stage and should be pushing upwards 2000 ...