WELL! I really don't like how the daily chart looks... but could also be a good opportunity to buy cheap soon... if that head and shoulders does confirm looks like we got a quick ride down. We should know more in the coming days... I myself will be watching that 7550 area close to see if we fall from there...
Comment:
An it begins... may take the weekend but we will know from here I believe if we are gonna dive deep or up next week...
Comment:
At another critical support zone. If we break below I think 6400 we are almost surely going to see 5700ish sooner or later... or we could be at the bottom of a large symmetrical triangle and only up for here. Makes a big difference for when the bull rally will start.
One thing is for sure the Aroon Oscilator is on the bottom currently on this daily chart at -100 which means we are at a low point for a bit so I don't see any big moves down for a bit. We could see a large move up though being at these levels..
Anyhow we will def see soon!
At another critical support zone. If we break below I think 6400 we are almost surely going to see 5700ish sooner or later... or we could be at the bottom of a large symmetrical triangle and only up for here. Makes a big difference for when the bull rally will start.
One thing is for sure the Aroon Oscilator is on the bottom currently on this daily chart at -100 which means we are at a low point for a bit so I don't see any big moves down for a bit. We could see a large move up though being at these levels..
Anyhow we will def see soon!
Comment:
Feel like we are about to see a drop to 61 any min now... looks like the first drop will be 61ish... and would be nice if we saw 58ish for a nice bounce.
Comment:
The bulls maybe giving it one last push to see if they can break the resistance... figured we would be down by now but we may actually push out of this channel.
Comment:
Could have a small inverted head and shoulders and we could have a bounce here soon... but we will still see a lower low I think... this just prolongs things...
Comment:
Or not... this is gonna be an interesting bounce... Maybe we have been playing with the little bears up until now. And now the big boys are starting to make their way back to the market... anyhow I'm gonna sit back and watch for a bit.
Don't panic sell guys thats how you loose and "they" win... just sit back and watch the fireworks....
Don't panic sell guys thats how you loose and "they" win... just sit back and watch the fireworks....
Comment:
Looks like it will be 58-57 before we see any kinda bounce...
Comment:
Looks like we should get to around 74-75ish then back down for a bit... we have already triggered the daily +100 Aroon which means down again soon. Its not happening real soon... but I am thinking by the time the weekend hits we will be seeing red again.
Maybe its our last trip down before the bull run? I sure hope so!
At any rate we are getting closer and closer...
Maybe its our last trip down before the bull run? I sure hope so!
At any rate we are getting closer and closer...
Comment:
We are at a turning point it looks like. We need to break through that wedge wall to do anything but it looks like this short rally is just that short... I feel like we will be down this week may even down again to 58-57ish.
The bulls caught it from dropping a couple days ago... lets see what they have left.
The bulls caught it from dropping a couple days ago... lets see what they have left.
Comment:
Looks like we may have a diamond bottom formed currently and may see a push up to 68ish... It is the weekend so may not have enough volume.
Comment:
Well the diamond bottom failed earlier... just closed a hammer candle so we may have a short term jump back up to 6250ish but looks to me we have a channel formed...
I still feel like we will see 57-58ish though... these moves up and down are getting quicker and smaller. My chart goes out to around mid Nov for this wedge so we will see a few more of these ups and downs. As the whales continue to scoop up cheap BTC from the loose hands out there.
I still feel like we will see 57-58ish though... these moves up and down are getting quicker and smaller. My chart goes out to around mid Nov for this wedge so we will see a few more of these ups and downs. As the whales continue to scoop up cheap BTC from the loose hands out there.
Comment:
An looking at our past drop it actually looks exactly like it... so we may see 58ish sooner than later... just depends on how much these whales want to draw things out.... the moving average is about to cross so don't be surprised if we don't see another good drop soon also.
Comment:
The weekly chart looks so ready to pump! The tigger to me looks to be the 100 day sma line you see starting to come into the wedge around mid October... the last time we touched the 50 day we made a move from 7ish to 10ish...
The 50 day is moving around 8.2 which I think we will test after we touch the 100... this should break us out of the wedge we have been in for so long...
The 50 day is moving around 8.2 which I think we will test after we touch the 100... this should break us out of the wedge we have been in for so long...