Let see how BTC/USD can maintain all the trendline . as long remain above it. i'm still bullish .
Comment:
i see a strength from buyer to retain the price between 10500 - 10800 for time being as it's consolidating around 3rd trendline and golden fibonacci ratio line.
Comment:
15 minutes crucial part on btc/usd challenging previous broken trendline
invalidated once surpass the previous broken trendline and consecutive candlesticks closes above 12750
Comment:
12500 sorry mistype
Comment:
Currently testing 0.618 short term fibonacci (11.680) after BTC/USD just got rejected by 2nd trend line that already broken previously.
Support that i keep watching is around 10.800 around 3rd trend line and golden ratio fibonacci line (Fibonacci Sequence x 1.618)
if price cannot sustain above that level would be a major downside waiting for BTC/USD toward 10.300 and posibly around 9.500 for short term
If price action could manage get above 2nd trend line or stay above 3rd trend line for a while, i wont be suprise the fomo will kick in once again toward previous all time high in this year (13.878).
Support that i keep watching is around 10.800 around 3rd trend line and golden ratio fibonacci line (Fibonacci Sequence x 1.618)
if price cannot sustain above that level would be a major downside waiting for BTC/USD toward 10.300 and posibly around 9.500 for short term
If price action could manage get above 2nd trend line or stay above 3rd trend line for a while, i wont be suprise the fomo will kick in once again toward previous all time high in this year (13.878).
Comment:
- After recent downfall from trendline it's seems found a short term support on 0.618 fibonacci short term (white) and it's consolidate around that area for a while.
- Indicator looks flat slightly leaning to bearish side for short term.
- After recent downfall from trendline it's seems found a short term support on 0.618 fibonacci short term (white) and it's consolidate around that area for a while.
- Indicator looks flat slightly leaning to bearish side for short term.
Comment:
- Nice impulse bullish power from 10800 area. But It's very bad looking btc/usd for now as it's already break 3rd trendline and if this candlestick could closes consecutively below 3rd trendline would be a bad sign for BTCUSD.
- Although this 3rd trend line is not official broken yet, it might still a change to regain above 3rd trendline. If so, would be a clear sign for bullish strength.
- Golden ratio fibonacci line ( Fibonacci Sequence x 1.618) is an important support to short term bullish trend to continue. around 10800 usd.
- Indicators mostly turn bearish.
- Nice impulse bullish power from 10800 area. But It's very bad looking btc/usd for now as it's already break 3rd trendline and if this candlestick could closes consecutively below 3rd trendline would be a bad sign for BTCUSD.
- Although this 3rd trend line is not official broken yet, it might still a change to regain above 3rd trendline. If so, would be a clear sign for bullish strength.
- Golden ratio fibonacci line ( Fibonacci Sequence x 1.618) is an important support to short term bullish trend to continue. around 10800 usd.
- Indicators mostly turn bearish.
Comment:
On 1 hour chart it's look like descending wedge is forming. If it's fulfill the pattern, would be a retest to previous trend line around 11600. Invalidated once the price action over extend the descending wedge down trendline or already broke below the 2nd support around 10400 USD.
On 1 hour chart it's look like descending wedge is forming. If it's fulfill the pattern, would be a retest to previous trend line around 11600. Invalidated once the price action over extend the descending wedge down trendline or already broke below the 2nd support around 10400 USD.
Comment:
broken like waterfall.. noooo!!!
- Indicators turn bearish. in 4 hour and daily starting to looks bearish.
- 1st and 2nd trendline is broken officially and the 3rd trendline would be expected a major support for short term parabolic run. if it's closes below it, i expect a dump in price pretty bad. Talking about 4 figure USD and go back to 6k region usd again is possible if somehow trend cannot reverse.
- Bearish engulfing candle in daily is very bad if it manage to closes like it and also followed by candlestick that lower than it's previous red engulfing candles.