Maximals

Maximals

We got rejected on 50 EMA and on 0.382 Fibonacci retracement (about 9760) on daily. The next realistic target on daily would be a test of 8500. - 100 EMA currently stands there - 0.5 Fib retracement (8500) If these two lines won't hold, we will probably test 7200 levels. - 200 EMA currently stands there - 0.618 Fib retracement (7240)

Maximals

As this support from about 10750-11150 is not holding, I'm ready to shift from bullish to more bearish short term. This could be the correction, because parabola is not just a straight way up. Just have to remember that we haven't made a lower low. (9600, 2nd July). We might just double bottom and continue the bulltrend. If 9600 doesn't hold, the next target...

Maximals

There is a potential bullflag forming on daily, which could lead us to 19k+ if it breaks out. This could break to the downside aswell. Remember, don't just trade based on some patterns that just MIGHT play out. They are never 100% accurate.

Maximals

The percentages BTC has climbed during bullmarkets are decreasing. Many people are considering that the next bullmarket is going to be huge, as there are institutions coming in with FOMO. From January 2015 to December 2017, BTC climbed approximately 13,000%. Even if BTC would climb a lot less in the next bullmarket, about half of the last, the percentage would...

Maximals

As long as the downwards trending support line holds, a bullish breakout is possible. There might be a symmetrical triangle forming on daily. I'm personally looking an area between about (10750-11150) as a key level. Many candles are finding support there. The volatility we are seeing now is huge!