Felix000

#bitcoin bounce maybe but break long bears not yet Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Price has broken below the volatility between two consecutive fractal highs (pink square). MACD has gone below zero (light blue vertical on chart). All that remains is for Histogram to drop below zero (yellow vertical on chart). In the meantime maybe still be room for a bounce.

Does Histogram need to drop below zero, could a surprise move in fiat dollar, or other market cause a statistical upset, and a break with earlier an pattern, sure - nothing is always perfect. Also, my kind of observations are always too short to be considered of statistical/industrial strength relevance.

If low of July 12th is a forming fractal low, then we can also draw a green trend line which I've done. Good luck guy's.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Yesterday Histogram went below zero (yellow verticals on chart), and low of 12th July has been confirmed a fractal low. Whether it makes a difference if MACD goes below zero first, time will tell.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out