Crypto-Hamster

Crypto-Hamster

Wouldn't be bad at all! Not a financial advice.

Crypto-Hamster Updated 

Too simple to be true? If correct, next target is 3450. Bearish. Not a financial advice.

Crypto-Hamster

From the depicted descending triangle, the bottom of the price will be at 1.8k... Not a financial advice.

Crypto-Hamster

Just look at this Fibo. Looks almost ideal. But hey, we shall test 2920 before going up... Not a financial advice.

Crypto-Hamster

A smaller triangle seems to be about to be broken upwards, but the volume is too low for a confirmation. It is quite likely that the price will return to 3.3k before going even lower. Double break down is most likely to happen. Not a financial advice.

Crypto-Hamster

The 3.3k support was tested yesterday as expected. The price didn't break it, so today it is forming another triangle, and 3.3k if the level to test again, which is very likely to be followed by the exit from the triangle to the zone below. For those, who is still wondering about the bottom to be at some crazy levels: EVERY major bitcoin rally that was followed...

Crypto-Hamster

Shall we test the 3.2-3.3k zone today? Overall the chart looks pretty bearish, and now it doesn't seem to be the time to cut those sweet short orders just yet... Not a financial advice.

Crypto-Hamster

There you go. The volume is very low for such a break down, which at this stage could lead to a very nasty consequences. There is a high chance that the 3.6k support will be tested.

Crypto-Hamster

Second attempt. 67% chance to break that triangle, if the price will hit the support. Not a financial advice

Crypto-Hamster

I posted this initially in September. Recently, the second target was reached. I really don't want this to happen, but it seems like the third target will be reached too. At that point I would consider to buy, although I am not a fan of Ethereum... Not a financial advice.

Crypto-Hamster

Considering the drop before the recent triangle formation, it is more likely to be broken down. Also, every new attempt to test the support line leads to a lower volume response, which means that the bulls got exhausted. The next possible are to stop/bounce from at would likely to be 2900–3100$. Not a financial advice.

Crypto-Hamster Updated 

If the bitcoin market manipulation schemes would be ideal, the price of BTC would move something like this. Rectangles are the areas of the stop orders collections. Of course, there must be corrections and some additional bounces in-between, but it is very likely that all those ares will be passed. Not a financial advice.

Crypto-Hamster

First area was reached already.

Crypto-Hamster

Two resistance lines along with a resistance level are ahead. Now bitcoin is touching one of them, and it is worth looking at how the price would interact with it. If we will see a break upwards, BTC could easily go to ~4.7k. Not a financial advise.

Crypto-Hamster

Every time, when Tether was well below 1$ level BTC suffered (see red ovals). And as soon as USDT was coming back above 1$ mark, bitcoin grew. Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that. Not a financial advice.

Crypto-Hamster

Will it do it once again? Not sure about the number of bounces though, but looks simple and realistic. Bot a financial advice.

Crypto-Hamster

So far, in the WHOLE bitcoin history, if the price dropped by 45% or more (as now!), it had never lasted more than two weeks. This time, those two weeks are over already. Shall we go up? Not a financial advice.

Crypto-Hamster

Recently, the simplest TA on BTC works. So, shall we stay below the resistance line in this descending channel? Not a financial advice.