What I see:
- rising wedge inside a falling wedge (bearish)
- double top
- bearish divergence and overbought on 4h, almost overbought on 1D
- most bearish walls have fallen already (not much BTC sell bids in the books anymore), a lot of buy bids bellow
- no noteworthy retracement from a >40% gain (this adds weight to the rising wedge inside a falling wedge scenario)
- shorts and longs stagnating yet price going up - this means real USD is going in, buying real, unleveraged BTC (hedge funds, new exchange opening?)
Either way this goes, I still believe that the market hasn't corrected enough and will therefore not be buying BTC at these prices.
- rising wedge inside a falling wedge (bearish)
- double top
- bearish divergence and overbought on 4h, almost overbought on 1D
- most bearish walls have fallen already (not much BTC sell bids in the books anymore), a lot of buy bids bellow
- no noteworthy retracement from a >40% gain (this adds weight to the rising wedge inside a falling wedge scenario)
- shorts and longs stagnating yet price going up - this means real USD is going in, buying real, unleveraged BTC (hedge funds, new exchange opening?)
Either way this goes, I still believe that the market hasn't corrected enough and will therefore not be buying BTC at these prices.
Comment:
If you think crypto in general isn't overvalued, take look at DOGEBTC and convince me otherwise.
Comment:
This is still very indecisive IMO. I'm 60/40 that we go down though.
To break this downtrend, we should break this pink line and 10k resistance in 1 run, which would need a lot of volume. After that comes the previous local ATH - 11.5k-ish. I'm 80% we will not break that in 2018.
To break this downtrend, we should break this pink line and 10k resistance in 1 run, which would need a lot of volume. After that comes the previous local ATH - 11.5k-ish. I'm 80% we will not break that in 2018.
Comment:
We've formed a triangle. The future weeks of BTC should be decided in the next 2 days (this is the time-limit for the triangle). If bulls do not break this up, the bearish 1D MACD cross will make this go down.
www.tradingview.com/chart/g5A246Jl/
www.tradingview.com/chart/g5A246Jl/
Comment:
Sorry, this is the correct chart/link:
Comment:
This is a breakout. However, I won't be buying into this (especially since we're so close to the 10k resistance) and will definitely wait for a retrace (oversold on 1h/4h/daily).
Comment:
Nice bulltrap!
Comment:
Been following the blue-line fractal quite nicely.
