As bitcoins price tries to recover from to drop a couple days ago will it break down from here or have another crack at $10,000?
We are going to see quite some volatility on the weekly close this week! make sure you set your stops!
To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!?
Watch todays youtube video for more information on this chart!
the theory of this bull pennant is clear. the RSI is overbought, the MACD is looking a little hot, bitcoin will cool off for a couple hours before deciding which way to break.
Recently bitcoin has been bucking the trend and dumping through bullish formations so we shall see how it goes.
Looks like Bitcoin is on it's way back down again, Failure to hold this support area 9400-9500 it looks set to trickle down to the 8600 regions.
This is good in some ways, consolidation and retracements are required for further long-term growth. Also allows Alt-coins to breathe.
Be careful going long, deep bear zone right now. Also, be careful going long on...
Linear regression is showing strong downward pressure after the prior bull movement. Aligning with the previous closure of the weekly bullish candle price has lost upwards momentum and the final formations of a head and shoulders pattern can be seen playing out with the downward drop about to happen within the next few days. Expecting lots of wick volatility and...
Literally every time I open my TradingView I see retarded bitcoin analysis, sorry. I really don't understand why people bother lol. So me being a hypocrite, I decided to do an analysis.
Bitcoin nicely respects Fibonacci. SO plan your entries if you're insane enough to trade it.
There is still giant selling pressure.
Predicting bitcoin is jokes. everyone is...
Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.
BTCUSD MEET BEARS
People, it's nearly Christmas.
And people need to buy presents at Christmas.
People can't yet buy presents with Bitcoin.
People need to sell Bitcoin to buy presents.
Thank you for reading my poem.
I'll see you all in 2018 for the Bull Rally on Cryptos.
Expect Crpytocurrencies to be the 2nd largest volume of trade in 2018 behind Foreign...
1.Upperband Bollinger band in the strong resistance zone which indicated resistance in or around(below) zone
2.Opposing support zone Breached by the strength of resistance
3.Profit margin 1:4
4.No strong support until 2660
5.Downtrend still validated by trend-line
2.Support broken resistance validated
3.Strong drop from 2750.17
4.Counter trend Trading
5.Profit margin 1:4
previous trade was too low in the curve, profit margin has increased.