janchristianolmheim

BTC/USD analyse.

Short
COINBASE:BTCUSD   Bitcoin
Seems like it needs to pass lovest high within the vedge within time range. if under higest low bear
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So far so good
Trade active:
New low. But over lowest low on july 2. This gives a head shoulder pattern. That might result in a sharp increse in volum and start a new upwords trend.
a couple of more days wil be critical for the next major moove up or down.
I am optimistic and can take a loss. I am in for the long run. Never invest more then you are willing to loose. Good luck updates wil folow.

PS.. spelling is a bitch
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Low trendline now broken. Still testing Fib 4,263. rejected 2 days in row.
I belive if not broken up again to FIb 3.618 it wil go low again and start a down trend.
If low is broken i think 8300 is the next return level.
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Break the 18jul
Still outside vedge format. I se that is has an ofset on about 250$ and not alligned correct on the fibo top and botom line.
Still not to bad.

Holding fib 3,618
Might be an effort to break the negative trend, and work as a future support passing fib 2,618 within the next few days.
200, 100 , 50 day SMA and EMA are still good indicators for further support within fibo 2,618 and 1,618.

Happy trading
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This is it. The moment where the next day or two will deside the faith of btc.
Short head shoulder pattern at fibo 4,236 and 2,618 within 18 and 23 of jul
Bull or Bear?
Think this might be a new short bullrun or a rappid bear back to 8k.
Holding my btc at avrg price 5840$.
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higer low, but no higer high.
Prediction is a side movment. no volum to support rising cost of btc .
btc under 9000 is a bear support, but might result in a buy in and higher volume.
If so. no major movment. over 10500$
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Still in bear range. No major movment above fibo 3,618 bu i have an ofset on target by about 250$. Taking this in to account, it would not suprise me if we se a major dropp below 9k if the fibo line does not hold. We still ned higher low then the previus 10 days for me to say that its time to buy.

Keep your pants on. be patient.
If you are holding btc. you might want to buy more when 10200k is passed. and 3,618 is broken in combination with increese in buy volum and higer low and higher high. Then bull signal is on again.

News about SEC (The united States Secureities and exhange Commissin) running btc,eth,and xrp nodes is exiting news. Lets see where it takes us.
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