DeFeye

DeFeye

Not the largest one, but was fun to draw anyways, tight in the golden pocket on the fib. Let's see which way the handle breaks 😁😉

DeFeye Updated 

A bit early as there are still 15 min. left on the candle. But keep an eye on the Golden pocket between the 0.618 and 0.650 Fib levels. We bounced there the last time, and we are forming a candle that could indicate a bullish reversal. Targets 52k and 53k again.

DeFeye

I posted this a few days ago, this is giving more bearish vibes for the inmediate short term as we are hovering around below the previous support on the 1D BTC candles, we recently got rejected as we tried to get back over it. On the RSI we can see that we touched the top of the falling wedge and got rejected. I'm keeping an eye on this, and will post updates...

DeFeye Updated 

We closed a shooting star candle onthe 4h after we touched 52k briefly. Waiting for confirmation.

DeFeye

Just a quick update. We are trying to get above the Bull market support band after we found a bounce right in the golden pocket and have been around the 0.786 on the fib. Retracement. Target remains 53k.

DeFeye Updated 

Here is a great example why I always check the horizontal support levels for confirmation after we break a trend or pattern. Here we see how we broke to the downside from the trendline that brought us above the neckline of the w pattern. However, we bounced on the horizontal support/neckline, hence my target of 53k remains the same.

DeFeye

We just bounced off the previous neckline from the "W" which I was talking about the other day so my top target for the current rally remains at 53k. Here is one visual explanation in the form of a pattern that I've been posting for a few weeks now. You can see that this repeating H&S is really taking form now on the weekly and smaller timeframes. We just...

DeFeye

BTC is currently retesting the channelbthat we broke out from a couple of days ago and bounced off from it with low volume. The next few hours will be decisive about the short term trend direction. Keep an eye on the smaller time-frames. My targets remain the same, see previous posts for more information. Happy trading!

DeFeye

Going to sleep hoping to find BTC either above or below this channel when i wake up in about 5 hours!!!

DeFeye

As i mentioned in this mornings' video, the 49.500 Resistance and neckline of the 'W' pattern (Green) on the smaller time-frames, is proving to be a challenge for the bulls. This has been a solid support/resistance area for qite some time now. In addition we just broke down from this wedge (Orange) on the 1h and now we need to see if we are going to be able to...

07:28

DeFeye

Good morning! I started this morning by looking at this W pattern which formed on the smaller BTC time frames, and is sitting right at the neckline right now! Watch the video to see what my targets for the inmediate short-term BTC price are! Oh here's my face btw :) I hope you enjoy it! Happy trading!

DeFeye

Short term bearish, potentially going even lower, see previous posts.

08:18

DeFeye

I'm looking at different time-frames and indicators to see what the most likely short-term scenarios are. As for the inmediate short-term, I don't see us going above 53k. Take a look and see for yourself to see what i mean... Happy Trading P

DeFeye

Why do we still look bullish and what has to happen to keep it that way?

DeFeye

Even though we fell through the 46.5k support, we could go either way here within this channel. I say that because since the last dip, BTC hasn't rallied to the the top of the channel as of yet. If this remains to be the case and we revisit the bottom of the channel back to back, then that would be a very bearish sign and I expect the bottom of the channel to...

06:53

DeFeye

A quick Analysis of BTC on multiple time frames. Some bullish signs on the RSI and MACD made things pretty interesting for theinmediate short-term.

DeFeye

Here we see what i have mentioned in the previous posts. we had to break the solid 46.5k support to reach the bottom of this channel. We have not quite yet confirmd support back above that level and could still go lower and re-visit the bottom of the channel. On the 1D we officially closed the first time below the 200 MA during this dip, alot of people said...

DeFeye

Check out this channel we've been in since the 6th of this month. The bullishness seems to have cooled off quickly once again and with the 3rd rejection point on this channel and the 3rd support test possibly only hours away, we would finally break the important 46.5k support level on the way down. Not as bad as it seems, check my previous post(s) to see what...