CoinDragon

CoinDragon

Bitcoin confirmed this new upwards trend line after the V bottom we've had recently. Healthy and strong Bull trend. The corrective move down onto horizontal support coinciding with the trendline, with the sharp rejection of sellers shows a healthy pulsing trend line. Lots of other things at work as usual, one must remain open to both sides as it can change any time.

CoinDragon

Candlestick fractal on chart, lets see how daily closes and what happens with volume.

CoinDragon

BTC looks heavy: 1) Shorts closed off from ATH, yet we didn't get a proportionate squeeze - This shows tons of selling pressure still holding price down. 2) Due to being in a secular bear trend shaking off the last off the capitulators likely too many sellers still. 3) Tax season ends 31 December for USA - Due to tax harvesting and so many traders losing so much...

CoinDragon

Feels weak, lacking serious volume for reversal. 1.) Vol increases + break $3600 resistance. 2.) Re-enter bear channel, bearish. 3.) Channel Resistance / Support flip holds, likely to chop sideways or continue down.

CoinDragon

Super weak sup/res area between $4k and $3k. Should $4k break, next zone im anticipating to act as support is $3k.

CoinDragon

After yesterdays face melting $1300 candle, $6800 supports still holding on finex and still at a $100 average premium. (yesterdays chart linked in related) On other exchanges Bitcoin retraced back inside the triangle. Good to get perspective. Lets see if we breakout on other exchanges, which will be extremely bullish.

CoinDragon

Bitcoin blasts out of the yearly descending triangle. Notes on chart. Stay safe guys. Don't do anything crazy. Follow for more. _/\_

CoinDragon

_/\_

CoinDragon Updated 

3 Scenarios Right now looking bearish (Rsi %K cross, big bear 1D candle Broke Trendline 6200 could hold, and we reverse, Or we could make another leg down into capitulation or more consolidation. Altcoins highly correlated and have followed btc down, most retracing 10-13%. Glad to see some blood on the battlefield :D! _/\_

CoinDragon

_/\_

CoinDragon

still watching this closely. Next few days / week is going to be real exciting. No more sleeping on my keyboard. _/\_

CoinDragon

see chart _/\_

CoinDragon

See chart _/\_

CoinDragon

A strong bearish sign, but a break of tenkan would be a much stronger bearish signal. If you're playing agressive you may want to cut, if not you could stay in if/until Tenkan snaps. This all depends on where your entry was and what your risk management plan is. Not Financial Advice - DYOTA _/\_

CoinDragon

Wedge broke, we're top rangey in this bottom sideways zone, lack of volume and big bull candles. But, that second TL is still in tact (although not as strong).

CoinDragon

-

CoinDragon

See chart _/\_

CoinDragon

Kijun & Horizontal structural support held on pullback. Bullish Hammer. Will need to see a nice green candle tomorrow with some volume to signal some more upward movement.