Bitcoin has found a support at these prices and we must test new highs now If we break previous top then this will go until 800s If we fail to break it then we may go down again sideways much more or dump more.. (Blue Arrow) This stop loss should be tight around 645-640 Be safe
Lets see how accurate this can be lol!
Just something to think about.
BULLISH DIVERGENCE IS INDEED DEVELOPING , SHALL WAIT AND SEE :) . As seen on the chart we are in a downwards channel. (POSSIBLE OPPORTUNITY TO SHORT HERE ?) There is a lot of uncertainty and I prefer to not have any positions ATM. If it is indeed a bullish divergence , prices should bounce back up after reaching the blue box region. IF YOU THINK IT MIGHT GO...
is time to short ? maybe this week or next week
will be interesting to see if bitcoin can hold the level after past rest and recent piercing enjoy the boring summer :)
To some the pullback from $315 to $270 (or ~15%) might seem excessive but in the volatile world of bitcoin the pullback came up short of expectation. Those that follow my work at BraveNewCoin or Twitter @Tone_LLT would have noticed double parallel up arrows placed on the chart two days ago. The optimal situation would have been for the price to fall a little...
Price action moving along the 15min 100 EMA and Ichi cloud
seams bitcoin is going fomo again and the spike can be shorted
Bitcoin had just posted a highest RSI reading in a year, and there is conviction break of a very tight price range. This is potentially the beginning of something much more meaningful.
Well, Elliot wave theory on monthly chart with log chart says bitcoin is going into 5th wave of Elliott. We all know(maybe not all) that Elliott 5th wave is the highest. The 5th Elliott wave on bitcoin can go between 10k and 10M, so who knows? Due to scarcity, economic collapse probability, uncertainty and manipulation in current economic system, there's a small...
It's not a perfect shape in the making but definitely something to keep in mind. Symmetric Triangles can break one way or another and picking a direction is a dangerous assumption that could cause tunnel vision on expectations, but here is the rational for the forecast. The Symmetric Triangle is forming after a significant down move from the $300+ area. The trick...
We had an overbought 2 days ago and that resulted in a 'pump and dump'. We are currently on a sideway around 239-241. And meanwhile, OBV is tracing a bearish divergence pattern and 12H MACD is doing the same. We may see a huge move on this Monday. Target: 230-227 Stop: 247
Let's get medical! Short target $212 just shy of the prior low which was $211.70 with a stop loss at $240.