Bitcoin scares MA500, and rejecting it! Follow the REKTangles)
Updated
Hi, people, dear followers!
Bitcoin price prediction update, price still under MA500, and couldn't break it, consolidating in Rising Wedge pattern (Bearish) under MA500.
More bearish confirmation on Stochastic RSI - there is bearish divergence: price moving down and stochastic rsi moving up.
In rectangles I showed possible rebound areas, which shows good supports to close short: entry at 6700, and with stop loss above 6815.
And wait for rebound in this levels sush as 6100-5800-5500-5100.
Flip to bullish if it break R1 resistance line, and 6800 resistance area. Targets R3 and R2 resistance lines, targeting 7000-7200-7400
Support and Resistance levels calculated using FIbonacci extensions.
Good luck and have a good day!
Bitcoin price prediction update, price still under MA500, and couldn't break it, consolidating in Rising Wedge pattern (Bearish) under MA500.
More bearish confirmation on Stochastic RSI - there is bearish divergence: price moving down and stochastic rsi moving up.
In rectangles I showed possible rebound areas, which shows good supports to close short: entry at 6700, and with stop loss above 6815.
And wait for rebound in this levels sush as 6100-5800-5500-5100.
Flip to bullish if it break R1 resistance line, and 6800 resistance area. Targets R3 and R2 resistance lines, targeting 7000-7200-7400
Support and Resistance levels calculated using FIbonacci extensions.
Good luck and have a good day!
Note
Longs vs. Shorts Note
another signal from Daily chart is a about Death Cross of MA30 and MA500In 2014 it happened too
Note
reuploaded Daily of 2018Note
Price still under R1 resistance, Stoch RSi overbought. I recommend to set SL for short at 6815±25$ levelsNote
price inside bearish triange, so be ready for squeeze 6890 is a main resistance for this move.
turn short-term! bullish if Daily CLOSE price will be above 6900!
Note
fomo phase startedNote
Still BULLISH?! Note
Scalpers rejoice, price actually close above resistance, so this first sign of bull force, so seeing traders should wait for confirmation.Should we go up without retracement? I don't think so.
Note
So after reaching R3 at the main chart it faced Bearish div on the 1h frame. Take a look: 
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