RSI on daily is bottoming . on the weekly its at 46.6
nvt seems to be leveling and crossing over
We are not looking to bad, this could lead to sideways for a while, just because it bottoms it does not mean it will moon, it can stay over sold for a while and bring sideways small movements, or it could moon!!
as i said on the last i believed we would go below...
You know i chart pretty basic and dont like btc maximilists , but just for giggles and laughs, if this chart comes true...
January seems to be a major month between bull and bear
but to be clear, its prety accurate if trend and history carry on
ANYWAY BACK TO BEAR WATCHING!! HAVE A GOOD WEEK
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!!
looking back a the last RSI bottom, this could play out.
rsi has only a hand ful of times on daily in BTC history been this low
ive gone long short term.
Bitcoin looks over sold on the daily on rsi - stoc and seems to be respecting the trend line on NVT
a push up to 10200 COULD happen short term,
how ever, the long term on weekly they charts still look bearish.
this next week could see a move up with some side ways movement and a move up
short term, long
long term bearish.
Bitcoin (BTCUSD) is now moving within a descending channel, going lower.
Now I am seeing a potential bounce in place or further drop.
Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely.
As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully...
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line.
IMO, if i was a betting man i think october 4th to 7th could see some moves,
how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look
people need to realise futures have a big say in...
long if you are a true believer that cme fututes gaps need filling,
if we are going off CME gaps, there are two unfilled
if its true that bitcoin needs to fill gaps , which so far is true regardless of bitcoin maximalists refusing to say futures has a big say in Bitcoin price,
Pomp, Vays will never even consider it!!
Pomp uses people pension funds
200 ma holding
NVT seems to be leveling with the nvt trend line
rsi is in oversold
i think we will stay in the large triangle
i think we should all concentrate on april/may 2020
with moves now in the 5/10 percent up and down inside the triangle until then
The bitcoin chart is showing too high certainty patterns right now.
The Three Rising Valleys pattern that is evident between 6th Feb and 4th June had a breakout to the upside confirming the pattern and it gives us a target of $14,769. This pattern has played out 100% of the time for bitcoin in the history of the cryptocurrency.
The Pipe Top is also a high...
My previous analysis was correct and Bitcoin dumped through the red stop levels as predicted.
What's next for Bitcoin? That really depends how the market retraces to that old support level which could now become resistance.
Price action at this juncture is key. Here's an If... then scenario for what is likely to happen.