#BTC is still strong right now but volume is slowing down as it approaches the edge of the cloud. I think it'll dip from there and meet the MA line around $4000. If bears take control, we'll see that drop to $3800, otherwise it'll likely pingpong its way into the cloud.
$BTC showing that price is less bearish on declining volume. The third time volume dropped below 30, price barely moved. I think this has more to do with the bcash stuff during those times.
Green arrow showing cloud bottom staying consistent while BTC heads to next change in the cloud. It could pop up from it but I wouldn't be surprised if it suddenly falls...
There will probably be some Barts while #BTC bounces around between $6,400 & $6,100.
If $BTC breaks under $6,100 and then $6,000 expect a drop to $5,500-$5,600.
Since there's no real increase in volume or google searches, I highly doubt BTC will pump, but if it did I'd expect it to be at the end of this triangle and pump to $6,500-$6,700.
BTC needs new dumb...
This is a bit of a struggle.
Bitmex buy orders looking strong down to $7k, but many may be fake as the strongest orders come in at exactly every $50.
If a sudden selling spree (another bart pattern?) were to happen, I'm fairly certain the order book would clear as it starts allowing a drop to fall hard.
Check here: www.tensorcharts.com
Continuing in the same pattern we could expect #BTC to hit $7k by the 18th, however BTC generally don't like to stay in patterns...
If it drops it could bounce off the cloud or line support ~$6550 - $6450. If it decides to bleed out it could follow the orange line (where it crosses would be where it goes red and become bear-ish).
I don't know if H&S counts for...
#BTC to $7k soon?
We're seeing a possible H&S formation and MFI increasing.
BTC has been constantly testing the resistance line but it's getting closer the cloud, if it can't hold above it could be another drop.
BTC is kind of in a channel (light blue lines) and could drop lower fairly easily.
However it could be forming a falling wedge (bullish).
We'll see over the next few days. Hopefully it is the wedge and it'll at least get past the clouds and change trends.
So BTC apparently has been forming a descending triangle, which is normally a bearish continuation pattern. Naturally that would mean to look for a deep drop below the support line around ~$6600 (Red lines). However, this is coming from ATH rather than a higher value and also that descending triangles aren't generally used for such a long time period so it's hard...
As you can see, without new interest from the mainstream, BTC will bounce its way down to $5,250 by the end of July. If new interest does arrive, it can pump to resistance and maybe past it, if not, then it'll pump around mid-June where there's a bubble in the cloud.
It's interesting to note as more institutions are getting involved in the whole cryptocurrency...
Currently still more sell pressure in this low volume vacuum of despair. If bulls don't pick up the pace soon, BTC will likely fall to around $6850. Once there is may continue to fall if buy pressure doesn't pick up or will bounce back $7500. Once there it can break through resistance with enough buy pressure or crash down again.
Since it's still a bear market,...
You see that green line?
$170.41 and you don't even know why? This is how you lose money.
Read up on some Einstein and Hawkings, you'll get there buddy.
BTC broke through resistance at the yellow line and is continuing until it meets level resistance at $9,700.
If it doesn't break through, it'll complete a double top (reversal) and fall to new support (yellow line, $8,900) or previous support (blue line $8,400).