Felix000

#Bitcoin hit resistance today Williams Fractal high ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've added the Williams %R to my chart and it looks like the rise to $10,320 by end Friday 27th has just been killed off today. The bar closed lower then the previous bar, and so did the MACD bar. So for a max 5 days the market will be going down to sideways to find support. If the market breaks $8,616 it should find support above $8,200 at least till end Friday 27th. I'm working on the basis that the bar of 25th April will be confirmed a Williams Fractal high (arrow pointing skyward). If market closes above $8,867.4 then I'll review
Apr 25
Comment: Just to clarify if market breaks $8,616 I expect it to close above $8,200 end Friday 27th as per my previous postings.
Apr 27
Comment: On the weekly chart I believe Bitcoin looks good for next week. Therefore I believe market will go sideways to up over the weekend. Had thought of posting another chart but all it would have would be one or two trend lines below where the price has been most of Friday, and then thinking could the market head down to nearer $8,200 or $8,000. With my view of next week it wasn't something I wanted to get into speculating about. If it happens I may post another chart.
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