Halaman

Halaman Updated 

We had 5 green monthly candles in bitcoin and the last monthly is on TD13 on sequential. Historically we only had one time when we had 6 green monthly candles before correction. I think its a fear enough to expect red monthly candle for July specially after that horrible weekly close. Really hard to tell how far down the pullback will take us but levels to watch...

Halaman

We made 4th touch of the upper line of this triangle and made lower high in process. We wicked trough the line but no close over it. It would make a sense from TA perspective to test lower line of the triangle and make the decision there. Bitcoin is long due for a decent correction but anything can happen here. Lets see how it plays out.

Halaman Updated 

I have to say this H&S really fits here. Usualy I dont like H&S but it makes a lot of sense here to me. Maybe Im too biased here but why I dont think we are ready to go to 8800 to test this triangle top line is cos I dont like the last bottom we had. We never tested the triangle bottom trendline (purple line) and the price action on the last pump was very weird...

Halaman Updated 

I believe we still have to test the downtrend line on the log chart before we will get rejected and dump big for the last time before bigger uptrend begins. After trend line test we will probably dump somewhere between 8k - 4k. Don't think that 9k will hold and don't think we go lower than 4k