Pumps on news or tweets can easily create false flags if not accounted for in TA. All im gonna say is TTM squeeze on the hour chart has been working upwards for the last few days, i don't see why not down.
Whooo the trendlines don't miss! another crazy crossing at 54.1k and we are heading straight towards it. Will we break through or continue in the channel!?? The day candles don't look great for the bulls!
check out divergence on rsi and also ttm squeeze indicator is going crazy bearish!
Let's see what happens, considering we've been straddling the red from below and our RSI I'm leaning towards confirming back into our green blue bearish channel. Could go either way tho!!
Hey guys, looks like I had the right lines but the wrong idea s last time. Considering these trend lines have shown themselves to be pretty powerful, i would expect the crossing tmrw at 6pm pst (red and blue) be critical to watch. We can bounce down and confirm back into our less aggressive bearish channel from earlier (green blue) or test new highs. although...
Hey, previous idea was a bit off and it looks like we've exited the very aggressive bearish channel. Means likely some sideways prices for a bit and tests of the 54k.
Movement around the 54k (white dashed) and moving bear channel above (green downwards) critical to watch for confirmations.
Hey guys, my latest post was extremely accurate. yay! Looks like the bears are confirmed below 52k and the 50k test is coming shortly. My confidence in the medium term bulls in diminishing rapidly.
Additionally, take a look at the selling vs buying interest according to volume.
Gives you an idea of where the smart money is going, (or coming).
You can...
Looks we've successfully bounced off the 54k from below, big bearish indicator.
More or less as predicted per my latest minus the Elon pump.
I would expect us to be testing 50k very soon.
BITSTAMP:BTCUSD
Hey guys,
Key moment here, watch for breakthroughs to confirm the bears or the bulls.
Two scenarios I envision
With the second being the most likely.
LMK what you think of my first idea! Safe trading.
