As we can see here, a 123 reversal pattern is forming, BTC can not make it to break the new level at 9188 (marked with number 1).
So we wait for price to go down below 8515 to confirm a new downtrend.
Additional, MACD below shows a signal for short orders, I think a bearish trend is possible.
Price may bounce back at strong support zone at 61.8% fib and go back...
A bearish flag is forming and nearly complete its pattern. Although AUD price goes up but volumes in histogram on MACD descend showing that a downtrend is coming.
Besides, MACD line is going to cross under signal line. When they cross, a bearish signal will be confirmed.
This post is just to let you know that main trend might be down (waiting for a break down the...
First, we can see a Double top pattern here, with the top at around 8600 which is all so the strong resistance. The bottom of this pattern is 7376.
Second, we have two bearish patterns on top with the name Shooting Star or Evening...
A bearish flag is forming on 4h chart.
Now the price is consolidating. It will break soon to strong key support at around 8460 and bullish to resistance zone 95xx-96xx.
In addition, the price has broken EMA, so be prepared :)
In my opinion, BTC price is retesting at 9500 level again before going down and creating Head & Shoulder pattern.
First target will be 83xx. Then price will go back to 9000-9200.
Second target might be 73xx but I dont think this is possible because the support zone 8300-8500 is very strong.
It seems like double top is forming.
Break point is around 9314. So if BTC price breaks this point, it might go straight to 6920.
Due to information about SEC wanting to regulate bitcoins and cryptocurrencies, there would be FUD which might lead to bitcoin price to dive deeply.
So be prepared!