UnknownUnicorn5163954

UnknownUnicorn5163954 Updated 

Welcome back after long break. As shown on chart, BTC is out of descending tendency. We should re-test it and then some upper movement is expected. Please note the we have 2 strong resistance areas (red boxes) from which price can bounce back and forth or make a strong move upwards up to upper tendency and find support on the highest resistance area. So short-term...

UnknownUnicorn5163954

After quick rally you can expect some retracement. We have already double top and decreasing volume. If we cross red tendency - go short. TP 7200

UnknownUnicorn5163954 Updated 

Looks like Grtley pattern is creating, let's see. What does mean to us? -> 6720 level in short term and after that some head&shoulders seems to be occuring. This would lead us to $8000-8100. Generally no I can see in this particular case. Looks like accumulation/distribution, however I strongly believe that after hitting 8100 we will drop to 5800 zone, where...

UnknownUnicorn5163954

BTC has overcome strong resistance at 7150 and is above FE100. However, further price increase is blocked by strong resistance and price ceiling (red box). If BTC cross tendency "1" we can expect further price dropping, or will go higher to 7600 and drop from there. Personally, looking at decreasing volume I think we will drop. When dropping key level is 7150....

UnknownUnicorn5163954 Updated 

BTC is creating Bat or Crab pattern (which one depends on how price reacts at specific price levels). What it means in short-term? We're heading to 6950 or 6450.

UnknownUnicorn5163954

Guys we reached 2 top tendecies and price was rejected. No volume. Be prepared for next drop. Be prepared even for $6600

UnknownUnicorn5163954

Quick update. I don't see ANY reaction from buyers side at this level. Next strong supports $7330-7400, then $5200-5500. Moreover we crossed important tendency which IMHO was splitting between bulls/bears market. CME futures closes ~27th Nov. so till ~25th makes rather not optimistic view for BTC. Let's see

UnknownUnicorn5163954 Updated 

BTC volume is beeing accumulated, not much but there is a little bit of hope. So what next? If I would see crossing the black dotted tendency (old triangle pattern), especially at increased volume peak that would be some bullish indicator. Let's see what BTC will do.

UnknownUnicorn5163954 Updated 

So we are almost at the end of falling wedge about everybody here was writing from long time. It's now or never for this pattern. As always, 2 scenarios: - CODE RED - accumulation phase (since we're close to this level) we have to carefully watch volume and price action. We should see rectangle pattern with price bouncing and the critical price is where I marked...

UnknownUnicorn5163954 Updated 

I marked in red critical price levels, from where price still can bounce. If not we're going to $7k

UnknownUnicorn5163954

Looks like there is price ceiling at 8600 - whenever price goes there price is rejected. If so, we should expect price drop. Let's see if I'm correct or wrong.

UnknownUnicorn5163954 Updated 

Unexpected behavior for me. Green triangle is crucial to observe. If we cross upper red tendency we can go to est 8950. Otherwise we go down to ~8300 and situation to further observe. Let's see

UnknownUnicorn5163954

As you can see, in front of us there is strong resistance zone. I believe price from there will go down to clear all longs. The lowest point that is still bullish will be no below support zone. Bullish scenario in my opinion. To be safe put your longs above resistance zone

UnknownUnicorn5163954 Updated 

OK, I think situation is clear. BTC drops...question is which way it prefer - orange or red. If red I suggest to take long from there, I will... Good luck with trading

UnknownUnicorn5163954

We have strong resistance at 8700 and the strongest at 8800. If we can cross 8800 we will open door for 12k however I still don't see this opportunity for now. In my opinion red or orange scenario is played. I wouldn't risk for taking longs now. Lower we have 61.8% fibo retracement (~$8350) which I believe we going to. From there will be chance to go to the moon.

UnknownUnicorn5163954 Updated 

If we cross red zone BTC will reach gray zone, otherwise downside is more probable. Let's see

UnknownUnicorn5163954 Updated 

As in analysis - orange or red. Don't be fulled by bots!

UnknownUnicorn5163954

As in title, BTC will go down for testing tendency. Is more than sure. Are you in long position???