trevorbruce1

trevorbruce1

BTC price has been in a healthy up trend up to 10k. At the 10k price things began to change, after the short pull back BTC attempted to go higher and while price went up volume went down. BTC does not go up without heavy volume and the round number resistance at 10k is proof. Price/ volume divergence is a bad sign, we need more upward momentum to break through...

trevorbruce1

price has been more parabolic, pull back in order to go higher.

trevorbruce1

Double top, I expect price to move down to that 6200 mark

trevorbruce1

bitcoin

trevorbruce1

DOUBLE TOP, IF BREAKS THROUGH BOTTOM OF PATTERN TAKE PROFT AT BOTTOM OF SECOND PRICE SCALE

trevorbruce1

probably support for now

trevorbruce1

SMA200 or resistance line will force btc down. Break the support line at 6k. FINAL SHAKOUT of weak hands, support around 4.5k then move up above the sma200. and begin uptrend

trevorbruce1

btc is showing signs of weakness, I am expecting price to test support and break down.

trevorbruce1

A CLOSER LOOK TO SEE WHERE PRICE ACTION MAY BE HEADED IN THE NEER FUTURE

trevorbruce1

POSSIBLE BTC SUPPORT LEVELS

trevorbruce1 Updated 

POSSIBLE SUPPORT LEVELS, LONG TERM. DOWN TREND IS STILL STRONG

trevorbruce1 Updated 

I copy and pasted the same channels for all 3 flags, btc is showing the same bearish signals we have been seeing for some time now, and strong move breaking through channel could be a bullish signal but is unlikely. from here I expect a move to 6k then possibly lower if the bearish trend continues

trevorbruce1 Updated 

btc trend

trevorbruce1

look for consolidation in blue box,

trevorbruce1

SELLING VOLUME NEEDS TO DECREASE AND WE NEED TO SEE BUYING VOLUME LARGER THAN SELLING IN ORDER TO GAIN SUPPORT.

trevorbruce1

I see many people saying btc is going to break support level, fall below 6k, remain in a bear trend for years before this market reverses. There is a lot of speculation that tether is going to blow up and will cause btc and all other coins to plummet in price. On the other side, many people are saying the market has corrected, we have broken resistance, and are...

trevorbruce1 Updated 

possible head and shoulders formation

trevorbruce1

On every exchange aside from bitfinex, btc has moved above the resistance trend line. I have set this chart to log scale and drawn a trend line from the 20k mark touching 17k and sits right around 11.6 ($100 above the current 1h candle stick). Price has been slowly creeping towards this line but does not have the momentum needed to break through. At this point,...