OkCash Buy Buy Buy Below 2500 sats .. & follow above targets mentioned above chart Follow us on Telegram t.me BITTREX:OKBTC BITTREX:OKUSD t.me
1 DAY CHART OKCASH, is forming a cup and handle formation starting in the beginning of september completing its first cup half formation now moving up to its cup beginning point. The price and date range indicator shows the first half o the cup forming at 31 bars . BITTREX:OKBTC BITTREX:OKUSD
Looks like China could paint a flat correction here. Watching for a wave 5 push into C to complete the move beyond wave A. Should see oversold divergence to confirm. So boring.
This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume...
As traders begin taking profits, the tide will retreat. Soon after, the roaring tsunami will be witnessed as large traders see that the long term Bitcoin price has broken it's bear phase.
We all know BTC is notorious for doing full retraces. Good reaction off 228. Looking for a retrace into the darkgreen area. However dipping lower to the bottom of the light green area is possible. If we retrace here and see Bullish divergence. We have a strong case for higher. Could be a while to unfold. Last moves have been during the weekend. Expect a fakeout to...
Let's get medical! Short target $212 just shy of the prior low which was $211.70 with a stop loss at $240.
We are currently in a channel that is forming a large descending triangle. This triangle is taking the price down to $175. If this scenario were to play out, I feel it could damage confidence in Bitcoin and make a breakout that takes the price above $216 unlikely without some extremely good news. We have hit some long term support at 216 and this support is...
We are currently in a huge bearish triangle descending to around $180. There is a massive old support at 203 (also the Yearly S1 Pivot point and the conclusion of the Elliot Wave) so we could see the bottom of this cycle or a bounce at this level if the support holds. If we break the support, a drop to $180 or lower is on the cards.
MACD bottomed out and crossed, RSI bottomed out. That dump went to the core. Moar to come.
Let's just go ahead and bounce the dump exactly off my lower trendline. Please use that to your advantage :)
Return of the Green Channel! I took old lows and plotted the greeen channel ages ago. The most recent pump just put us right into the middle of it. Called it :)
MACD and RSI are both overbought let's take it down five bucks over the period of a day and end up completing our triangle at $217 on April 20th.
Looks like we have formed the top of our channel along the 15 minute down trendline.
RSI was a clear indicator that we were going to go down here. There is now a solid bear channel forming MOAR DOWN!