So when any hope that in short term bitcoin will bounce is gone. Now we can do correction. We probably have a short stop for pee and to buy some popcorn on 3520 but than we will bounc one or three times from 3200 support level. Than we will find our heaven on 2800. If you are a whale, it is good time to aggregate lots of bitcoins as long investment but for now it...
Bear is blaying with us.
According to this info www.cryptocoinsnews.com Goverment considering to ban even mining. Anyone knows anything about this?
We have some possibilty to see jump to 4170 as an 4 h divergency, because of possible recent bearish bat but for me it is way too risky so i short and waiting for some more reliable levels.
It looks we are in the middle of cycle. There will be selling opportunity in 3970 levels. But than we will fall lower :( This cycle lokks more dynamic than previous so i expect reaching lowest low before 16 ocrober, in this time frame i expect trend reversal, it will also fit with weekly RSI which will reset than.
We must go to some better support levels, here we are littlebit overbought.
On macd 15 min and RSI it is sell setup. Beware!
Anorher falling wege apperas, After this we could see jump to downtrendline, and with littlebit of luck we will find enough momentu to go to 4200. If not, we could fall very dip. Pick your role, bear or bull ;)
It looks we are going to retest downtrend line resistance if we break it we will go somewgere to 4000-4100 but not higher than we will complete wave 5 to 2800. I hope we wont break our small uptrend because it would cost us falling down to 3300 :(.
And here we are, the doomsday. If we break 3000 we will fall to 2800 and than porbably to 1800. But most likely (i bet on it) we will bounce at least to 4400 when this little wege on bottom will complete.
IMOI target is around 3200, where daily RSI will reset aswell. Basing on 10 weeks SMA i would expace even 2800.
This evil line is holding our profits! Unite and fight! *Trad o your own risk*
So we built again beutifull flag. Choose if you are bear, or bull in upcoming week.
It looks like we must go back to healthy trendline to avoid bubble :)