first of all Good Luck with this trade and its really high risk but i need to give my opinion in this
i cant change my mind into btc !! actually it can go further more up by doing small corrections as the Fomo controlling traders .. but as TA i cant lie and say that this Scenario is not valid .. its the most scenario i am convinced that it would happen after ...
There's a cluster of resistance at $3,564:
Supply line (red line)
Fib line 23.6%
The price had already bounced off of the resistance and is headed downward.
The interesting part is the weak volume on which the price had been climbing for the past 3 candles. This indicates bullish divergence as the volume bars are way below average.
I would ...
As Bitcoin is in free fall and trending in confined range, the price will bounce between $3,000 and $3,500.
If the daily candle closes below $3,000 at any point, the test of $1,850 (S2) is highly likely as there's literally nothing in between to stop to price from falling.
S2 is the major support established in July 2017 which was the start of the Bitcoin run ...
On logscale the price came back down to the schiff pitchfork support with possible morning star doji price action as shown. There're also many oversold signal on weekly and daily timeframe.
As we see, support of $4400 is hanging on for now, as the MA's cross, $3800 will be the next zone we hit. Tested this zone 4 times already in a space of days, we could see small spikes, but $3800 will come.
With the ill timed and expensive #hashwars happening and two $btc billionaire selling their Bitcoin and Bitcoin cash to fund it one can clearly see this isn't a normal market correction. So where do we see this bottom?
The strong support we have gained over the year between 5800 and 6200 has broken, as has the 5000 to 4800 support levels.
We have strong support ...
If tomorrow we see the bitcoin price increase and hit the green box, this could be confirmation of a bullish fakey pattern with a target of 6910 which would be very nice for the bulls and any HODLers! If the price dips lower than today's low though that would be an indication that this pattern is not valid and we need to keep looking.
As the weekly frame looks extremely bearish, Major supports at $4900 Region and $3900 Region also. 200MA stands around $3100 which could also make a retest then we should see a huge bounce of this and we can finally start our Bull Run.
Looking at the shape of the flags that we are seeing recently on the bitcoin chart seems to suggest a bull move which is overdue as we already had one of the bullish flag formations, then a repeat of the pattern, the move should come within the next couple of days maximum, so look out for confirmation.
From the very start of history, bitcoin has be written off, this chart sums up the history behind the most valuable cryptocurrency.This charts states that bitcoin could reach its ATH in December 2019 and reach $600,000 in 2021. Between 2014 and 2016 it took 1141 to reach its ATH, but once it did it exploded to new ATH.
Hope you all like this chart.
It is imperative in my opinion for bitcoin to respect this all time trend line, we are approaching it in the near future. I think the price could dip further in the next few weeks, but then a new bull run will begin.
Let me know what you think in the comments.
Like this idea if you agree!
BTC Found support at $6550 and is holding well, If we breach $6500 we could be heading towards $6200 region, but expected to keep the curve moving upwards and possible retest of $6750 (Purple Line) which could send us back down slightly but the curve could make us push on towards $6900 (Green Box)....
If we drop towards the $6500 region I would get out of any ...