rohan_shinde23

As the current BTC sentiments are seems to be bullish in the market given BTC has broken few important resistance on the way up last month. I am still forming a bearish case on weekly charts. The current BTC movement has been stopped by 50WMA as expected. Have a close look at the 30WMA its just kissing 50WMA and looks like bulls are out of fuel. The second reason...

I can see the inverse head and shoulder forming on daily BTC chart. I stand to be corrected but this is what it is, the neck like is at ~6800 area, but mind you there is good resistance at ~6400. Given we are not seeing any volume this just looks like a retest of previous support which pushed BTC to ~6800 area earlier this month.

Do you see whats happening here? ~7840 support was so crucial, now we are next support level, I feel some consolidation will bring us back to retest ~7800 level but I don't think it will break that, also look at where 50MA is exactly where resistance is formed, this makes solid case for bare market, we cannot assess bullishness unless we break ~7800 level.

If I have to compare and copy BTC pattern of 2014, this is how it would look like. It is very much repeating 2014 pattern so far, I am feeling it is going to something similar for months to come. We will see how it goes.

So what do you think is happening here? I think a flag is forming on 3days BTC chart as we can clearly see, prices bounced at 6K level twice but if BTC breaks ~7600 level we are seeing BTC going down to 3500-4900 area to find strong support. I would go short if BTC breaks ~7600

Like overall market is pulling back, TRON exactly found resistance at 2nd arch pair.

TRON has found resistance at around 2nd arch close to 844 satoshi's, and like the whole market is cashing out, feels like TRON is no exception.

BCT daily has touched 200 days MA and formed selling candle. We gonna need more momemtum to get pushed higher, but I think it will consolidate here for a while.

BCH made reversal at around ~600 dollar range on 5th April, and steadily moved up close to ~1571 USD levels today(24/04) which is close to 161% up movement in three weeks. I feel BCH will take rest here for a while. Given BTC has started moving up, and we have seen when BTC moves up, all alts bleed.

ZCL looks pretty bullish as it has been consolidating for couple of days and still above bullish area. Last rally was exactly stopped by the top of the square 3 arc pair. will see