ChsaDos

ChsaDos

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ChsaDos

Updated from: My bet (literally ;D) is a bounce from the $822-$830 area and then a retest of $770-$755

ChsaDos

It's da Bears turn now. Could be days/weeks from now but we will retest the bottom latest mid Feb!

ChsaDos

Still expecting to reach the low near early February.

ChsaDos

Instead of drawing fibs with the candle's high and lows I am seeing how things work out with chikou spans which is a lagging indicator of price.

ChsaDos

GREEN: Novermber, long term/multiple intersection Chikou Span support/resistance lines BLUE: December "post" crash multiple intersection Chikou Span support/resistance lines

ChsaDos

Not much experience with the pitchfork - but assuming the red line is resistance in a downtrend?

ChsaDos

The current state of bitcoin's price is potentially the beginning of the infamous retracement many have been waiting for. All Ichimoku indicators have been hidden besides the Chikou span indicator - which is a useful tool in establishing long term support/resistance lines. $848.42 was an important support line. As you can see this line has been pivoted by the...

ChsaDos

Punch through the cloud or meet resistance.

ChsaDos

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ChsaDos

The first in quite a while.

ChsaDos

...soon :D

ChsaDos

Just a test on a trend I have been noticing.

ChsaDos

For prosperity. Just mor clone fun. It is cool how when you put into log scale as you move the clone to the right it adjusts (the blop expanded).

ChsaDos

If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate that there is a potential for more bearish price action to come, since price tends to follow trends. Conversely, if thecurrent closing price is above the price of 26 periods ago, that would then indicate the possibility for more bullish price...

ChsaDos

This is totally NOT technical but i just want to see how it pans out...... i traced the last wierd H&S and cloned it

ChsaDos

Price will likely test upper Kumo cloud. Will it bounce back down or surge past? KST indicates we are on an upswing - a surge past 8.3613 would indicate retest of previous high (the right shoulder). RSI has also just about passed a trendline into bullish territory. But have the bulls becoming exhausted?!

ChsaDos

A neutral signal