CryptSlayer

CryptSlayer

I drew up this trading area yesterday thinking back of how things have played out in the past. Today has been shocking to see how on point it has been for the days range. The rsi shows clear support on the line now with breaking those 1 hr lows will take a very strong bear push. So I think we can swing trade this baby for awhile until we have a more clear...

CryptSlayer

Today we see a possible bearish wedge with good trading within this range. 5050 has been a rejection range in last day. bearish div on rsi shows possible rejection in this range Trade safe we may see some action in a few hours.

CryptSlayer

Bitcoin has had a strong rally but some short term bearish is starting to show up and allow for a good cooling off period. if this bear flag holds true then we could see a further drop to 4700 at which point the rally could continue. Set a tight SL in case some crazy whale decides to blow you out of the water. in any case it would be best to retest the lower range.

CryptSlayer Updated 

I think this is what where looking at, all of these moves attempting to push it higher simply have no volume and so they fail. I would give a edge to the bears currently because of the big resistance in the upper ranges and general TA is in favor of them. If we do go bearish then breaking 3930/3920 should lead to a heavy push down.

CryptSlayer Updated 

From last time we had a drop as predicted but the 3900 range has held support. in this we are looking at the solid red line as 20 week ma that should act as strong resistance. Not pictured is the MA ribbons acting as good support into 3850 with previous price action providing good support to around 3780 or so. So far we have maintained a good bear flag and so I...

CryptSlayer Updated 

Here you can see the rising wedge pattern that could become the big dump, red box is resistance of the 20 weekly that we previously failed to break. This would also wrap up the mid term pattern very nicely with a bottom around $3650.

CryptSlayer

Consolation after a small move up in this small wedge, hopefully we can trade in the 3850 range soon and finally breakout of the larger pattern in some hours.