Welcome, with this bitcoin update , as you all know bitcoin is flanking. But now the question is what will happen to bitcoin? And looking at history? Of course I have already indicated it, we were in a D-triangle and 70% of the time it breaks down to the trend of below. There was a lot of support around the $ 6,000 / $ 5,900 , but finally 70% of the time a ...
Usually I don't keep re-examining a chart but here we have the 15K+ drop in volume I was talking about in my last chart. I drew a new support line at 5500. It's no where as strong as the previous 6150, which is now resistance. So at this point we will probably bounce around our new reality range of 5500 - 6200. I think there will be one more drop I doubt the...
This is why I don't share the optimism some BTC chartists. 1. Downward sloping curve since Dec 18 (11 months) 2. 4 failed breakouts 3. Support at around 6150 4. Decreasing volume for those same 11 months. 5. Failed to stay about 61.8 fib line 6. Broke through the triangle wedge but is only going sideways. Just pretend for a minute that you didn't know what...
Our pilot was able to end Bitcoin's rapid descent into oblivion. She has leveled out now. Altitude is consistently stable. About to ascend once again. This time more feasibly doable. Steady now girl. Steady. Thanks to all who remained aboard and have help our pilot right this plane. Now enjoy your ride. It won't be fast. It may not be exciting. But we'll get...
Possible move up if it breaks 200 MA. Respecting the trendline. We need to see the volume come, come on boys lets pamp it, so we ca short better price.
Everything is a good buy right now, including #bitshares.
BTC went all the way up to the 2nd resistance (6750) line only to break down even below the 1st resistance line (6500). Looking at the 4 red candles (6740 to 6400) i'm thinking that we should get a small bounce back above 1st resistance. I don't know if it has enough juice to make it up to 2nd resistance or beyond, but there is a small upward pattern forming in...
The .382 fib level, trend line support, and 50ma all seem to coincide at the $6390-6400 range. a close below this I believe will continue the bearish market trend. A break above the trend line resistance would likely bring us to the 100 and 200 ma around $6625. Also, Btc had its lowest volume day since Nov. 6th 2017 (source coinmarketcap historical 24/hr volume -...
Bitcoin chart analysis 13/09/2018 Day Chart
I've entered a short at 7830 Sats after a pump up to the trend line resistance on the 4hr which was also held down by the 50 & 200ma's. We are currently resting on the .5 fib level and I am expecting a drop to at least the .382 as a healthy retracement to the move up we recently had. stops lowered as we drop to lock in profit.
Ignore the FUD its looking good for Bitcoin. It appears we may have a breakout coming up in the next month or so its the last leg of the inverse head and shoulders that has been forming since March this year. Looking like we will hit $10,000 before the end of the year.
These days we see a lot of people claiming that we are bullish In my opinion we entered the downtrend channel again after a fake breakout on the daily close. When we following up the daily close bottom line we will meet at 5500 USD again in some days. At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a...
all mentioned in chart kindly have a look and stay with trend
Bitcoin is having lower lows and lower highs, which implicates that it's still in bearish move. Right now BTC is in so called "triangle formation" in which price is bouncing back and forth with short bull or bear-trends. Bearish moves were shorter and shorter and now, temporary, it's in bull-trend. I assume that BTC can reach upper triangle resistance line at...
BTC 15 min chart gives us again mixed signs and mixed price action patterns. At the moment we are in "Rising Wedge" continuation pattern (down). Above we have a very strong area where we'd need a strong bullish candle to push through. However there is a problem - we lack buyers. If some whales decide to push BTC price up, only then we could break through that...