a rising channel at this stage strongly indicates that we are about to enter 6000s and this time probably even to 5000s. The rising channel pattern can only be broken in case of a strong crossing of 7750-7800 price. in which case it will be fairly good indicator that we have touched the local bottom for now and are on our way to 8800-9000 again
Comment:
Still nothing has changed.. although we saw an upward price movement but it was a small bullish pattern with the large bearish pattern. As we can see that bitcoin still failed to keep or break 7750-7800 barrier decisively, we are still bearish at large but next couple of hours are decisive and we will be looking bitcoin closely.
Comment:
Comment:
a potential price reversal sign... but we must see where this candle close today
Comment:
it looks like we are not going down for now!
it looks like we are not going down for now!
Comment:
Aaaaand here we are ! :D
Comment:
a bounce back from 6600-6400 is imminent... long from here on...atleast for the time being
Comment:
There isnt any suppoting volume to claim the idea that the formed pattern will break in bulls favour but the is a chance because of a smaller pattern formed within the larger bearish pattern but overall situation is almost same as at the time of posting this idea and hence MOST PROBABLY we are about to enter 5000s !
Comment: