Hello friends,
After long time BTC finally broke out of the falling wedge and is ready to go UP. But we still don`t have confirmation of BULLTREND, it got rejected around that long term support that I called kind of Bitcoin`s last stand" in my previous chart. Like I said then, we had good chances of falling below it and we did, BUT I also said that we shouldn`t...
Hello friends,
After dropping under that "Bitcoin`s last stand" support I was talking about last time and trading around it for several days, we are finally seeing small and long awaited RISE in BTC price, BUT BE CAREFUL. We still don`t have confirmation of an uptrend, because we have low volume and there is also HIDDEN BEARISH divergence on 4h chart. This could...
Hello friends, last days we could hear a lot of different scenarios for BTC, from worst to best. We had another DROP that is making new FUD, so Bitcoin is shaken again and some are even digging grave for it. I heard a lot of different prognosis, some are saying that we will see 12K in July and on the other hand some say that we are going down to 3K.
Well, here...
Hello friends,
I haven`t posted any chart for a while because BTC was pretty undecided and we didn`t have anything that is pointing u to any direction. I still think that we don`t have any good sign to determine where it will go, BUT it looks that end of this low action period is coming.
Lot of people are talking about this particular date, 6th of June, on 6th...
Hi guys, we finally broke out of that triangle (RED) and we are now trading inside that upward channel (BLUE). We are now trading above Ichimoku cloud on 1hr and 2hr charts and we are about to brake out on 4hr chart too, which indicates upward trend. I hope that we will continue to trade inside this blue channel and that we will not drop under it, except maybe...
Hello guys, it looks like we are about to get confirmation that retracement is finished and that we are now heading upward. This is still not confirmed, but there are few things pointing to this. We didn`t hit .5 fib or .618 fib retracement as I suggested that we should on my previous chart, but lowest price on Bitmex was very close to that .5 fib and we maybe...
Hello friends, here is my view on current BTC situation.
I think that we are now having small correction with this push up in price before we go down again. We still have couple more days left until the Consensus conference (14th-16th May) and I think that we will go down until then, but we will see uptrend after it. There are few things pointing to this, we are...
OK guys, in my previous chart I said that we will probably go down since we were in ascending wedge and there was regular bearish divergence and this really happened, but it happened before I thought it will. Now this is 30min chart and now I think we are in short term downtrend, like I said we fall out of ascending wedge and we are now trading under the Ichimoku...
Hi guys, this is my first chart that I am publishing. We just broke out of ascending triangle and we should move a little more UP, but we are currently in a rising edge formation and we also have a regular BEARISH divergence, which means that we will go DOWN at some point. We have a long term resistance in log scale which we will hit somewhere between 86xx-88xx,...
