


I believe we are in a descending channel and still need to test the lower trendline in said channel. Right now we are stuck in no mans land but I do believe the longer we put off a retest of lower trend line the worse off we will be. Let us get it over with and then we can bounce and move up with volume and out of channel. As I stated in a previous chart breaking...
Well guys this is not a a fancy chart by any stretch of the imagination but I do want to point out to everyone we are clearly rising here on declining volume.....I am not pro but to me that screams weakness and doesnt look good for the bears. Sometimes I think simple is better and that is what I decided to roll with today...I hope everyone has a blessed and...
I believe we are about maxed out on this bounce and we will most likely correct back down to around 7900 USD @ which point support must hold or else we move back to 7.2. I believe we will move down to 7.9 because the pink descending channel has been established with multiple touches on both the top and bottom and volume has been declining throughout the duration...
Seems to me like this is pretty much teh exact same pattern we had back on the ride to 6k. Buckle up and enjoy :)
Right now we are receiving massive support from a Fibonacci arc. It is critical that this line hold, if there is a close below said line i believe it is time to enter shorts. Good luck out there guys... Educational only :)
I think we could be looking at a massive bear flag on the daily chart ...I promise you guys i truly hope I am wrong but if this is a true signal we could all be in for a world of pain...Prepare now boys and keep that powder dry.
I just wanted to point out the strong support we have been getting from the .38 fib channel which seems bullish to me. If you found this information new or useful please give me a like!
Well boys I just got off the phone with some friends in Houston, Tx and they informed me that Trump has indeed given NASA the thumbs up and BTC has been cleared for atmospheric exit. Now as many know I have been a bear for the last few weeks and have been reluctant to fill my bags for the long trip into deep space however due to recent developments I am being...
Top resistance on the 12 hour Ichimoku cloud is currently under threat as well as another fibonacci arc, when coupled with a descending triangle from the ATH it seems BTC faces a formidable test....However, so far (on this current run) bitcoin has proved to be an absolute monster and has obliterated any challenge it has faced I personally do not have any reason...
The BTC daily chart is currently bumping up against two major Fibonacci resistance zones. If BTC fails to break above these zones decisively I believe we will start a 1-4 day retrace downwards.