We might gonna pierce Bears line Flank! Bitcoin Usd.
Hey,
Btc might be closer and closer to pierce this extremely resistive downtrend line. Btc never exits its multiple "bubbles bursts" that easy since it exists!
What do we see:
-Break outs try outs are now occuring more frequently than last months, which means bulls are getting more and more motivated to the point of sooner or later exhaust bears.
-Selling volumes are getting less and less important.
-We have a potential cup and handle formation, i indicated the target.
-We might have our clean bounce right now on the small green trendline, that could catapult Btc out of this downtrend line, and potentially reach the C&H target.
-We might not have our bounce to catapult Btc higher, we are still in a downtrend and bears are still strong. If Btc falls from this small green local uptrendline, Btc is probably going to retest the 10.000$ and the 9300$.
-Btc could still retest its line of life in case all supports would have to fall.
Good luck to you.
Btc might be closer and closer to pierce this extremely resistive downtrend line. Btc never exits its multiple "bubbles bursts" that easy since it exists!
What do we see:
-Break outs try outs are now occuring more frequently than last months, which means bulls are getting more and more motivated to the point of sooner or later exhaust bears.
-Selling volumes are getting less and less important.
-We have a potential cup and handle formation, i indicated the target.
-We might have our clean bounce right now on the small green trendline, that could catapult Btc out of this downtrend line, and potentially reach the C&H target.
-We might not have our bounce to catapult Btc higher, we are still in a downtrend and bears are still strong. If Btc falls from this small green local uptrendline, Btc is probably going to retest the 10.000$ and the 9300$.
-Btc could still retest its line of life in case all supports would have to fall.
Good luck to you.
Trade active:
Btc was just brutally "bot dipped", but it bounced on the local support within a millimeter of accuracy... yet.
Let's see if the small local support holds btc for more potential up moves.
Let's see if the small local support holds btc for more potential up moves.
Trade active:
Btc is now under the local resistance that the small reversal formed (small green line).
This is not over for Btc, we might not pierce the huge downtrend within those next 24h/48h, but we are getting closer and closer to make it, bulls are trying to break through more often, sell volumes after failed breakouts are lower, and btc is staying close to the downtrend and not going heavily to the downside as before after the fail breakout.
This is not over for Btc, we might not pierce the huge downtrend within those next 24h/48h, but we are getting closer and closer to make it, bulls are trying to break through more often, sell volumes after failed breakouts are lower, and btc is staying close to the downtrend and not going heavily to the downside as before after the fail breakout.
Trade closed: target reached:
Main downtrain line, and local downtrend line both pierced, quicker than expected though.
Btc might retest the downtrend channel (10700-10400 Usd) to get ready for a very good bullish rally to the 12500 Usd. (that would be a good entry for long term).
Btc might retest the downtrend channel (10700-10400 Usd) to get ready for a very good bullish rally to the 12500 Usd. (that would be a good entry for long term).
Trade active:
Seems like we hit a local bottom of around 10780 Usd of the 10700 predicted.
Btc has cumulated some momentum and is now probably ready to get higher, especially knowing week end is here.
Bare in mind i don't have a true crystal ball and might be wrong, but we have a good 60/40 of Btc going to raise.
Btc has cumulated some momentum and is now probably ready to get higher, especially knowing week end is here.
Bare in mind i don't have a true crystal ball and might be wrong, but we have a good 60/40 of Btc going to raise.