Bulls have really tried hard to get out this trading zone... but obviously the bears control the market and the bulls running out of steam. I really think its time to go down to lower levels. first stop 0.65 area.
This chart is a simple overlay of BTCUSDSHORTS (Blue) vs. BTCUSDLONGS (Red). It's obvious - since the end of 2017 BTCUSD the overall Bullish/Bearish conviction has changed from bullish to bearish. The lower highs at the bullish side indicating a loss of bullish conviction. On the bearish side, higher lows are showing more and more bearish conviction. Furthermore,...
Inspired by @excavo's support and resistance channels. I believe we have completed the ABCDE retracement, comparable to the same pattern formed during April's lows and subsequent break out. Price could find support at 8200 - 8100, and begin a new upward rally. Lets go Bulls! *Not financial advice
Another critical level for Bitcoin as it is "trapped"! It remains yet to be seen whether #BTC will break out of it's shell for a midterm reversal or will bears bury it into the ground? We have all seen a lot of bull-bear battle going on with these insane spikey "pump-n-dump" and I also suspect there is a lot of manipulation underlying some of this in addition to...
EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.