CannonMohamed

CannonMohamed

BITCOIN may well be shaping up to a three falling peaks pattern which is preceded by an uptrend and the pattern itself funny enough to all you bulls suggests a break further to the downside. There are three peaks, the first peak is the higher high of the uptrend, the second peak's high price is less than the first peak's high, and the third peak's high is less...

CannonMohamed

I believe we are in a falling wedge pattern which could potentially take us to 6.42 and coincides with the fib retracement( GOLDEN POCKET) between 0.618 and 0.65, the 200MA marks the end of the wedge and could be considered as strong support for this move upwards. Also there is strong hidden bullish divergence on MACD & RSI ... - Ofcourse we must not disregard a...

CannonMohamed Updated 

We have just made a lower low of $7657 since this move upwards with high selling volume and broken our February trend line (GREEN LINE) confirmed broken on lower TF which was working as support now turned resistance. We have horizontal support at $7400 plus the 30 EMA on the D TF which has been significant throughout this last bullish uptrend. Our TD buy setup...

CannonMohamed Updated 

I am overall bearish due to fundamental reasons and indicators, however, market sentiment is most likely bullish right now, especially after the last drawback and quick recovery of yesterday apparent in the long-legged doji on the 12H candle where bears were beaten on the day by the bulls. Although bulls have only managed a lower high since recovering. The...