ETH shows weakness. It can't break through 0.0823 resistance again. And now we can watch bearish divergence. In addition volume is dropping and cryptomarkets show some downtrend signs. Expected target is around 0.0795
It seems that we have ABC correction of last rises. Bulls just need be patient and let bears do what they need to do. I expect that BTC price will hit horizontal resistance around. Bulls are not squeezed yet completely. I would update idea if anything changes here. Hold on! :)
Just experimentig with this divergence. I am not shorting it. If anyone can comment it I would be glad. Keep hodling ;)
Reversal incoming. We can watch RSI bullish divergence. I expect breaking falling wedge and price going around 9400. Good Luck and keep Hodl!
We can watch bearish divergence in 1H BTC USD pair. I expect price drop to 9100 USD.
Hello everyone. After failed Bitcoin breakout and we can expect huge bearish movement down to 2k$. I don't see right now any bullish signs on my charts. I only post simplified chart of what we can expect from the market in 2018. So guys it is going to be tough times for bitcoin enthusiasts. If there are some signs of reversal I will post it. Stay tuned and hodl on!
Easy solutions sometimes are the best :-) In the linear chart Bitcoin is breaking up from downtrend resistance. There is still some room to grow in logarithmic scale. According to my previous ideas we are in ABC correction cycle after impulsive 5 dowtrend wave. There are some resistance on the way to 13k (not drawn on my chart) but there shouldn't be much problem...
Building huge inverted Head and Shoulders would be very bullish signal and one of possible scenarios for next few days :-) Expected buy zone is around 9500-9200$.
Just my first attempts with elliot wave theory. 5 impulsive waves and abc correction going on.
Is it time for trend reversal and testing channel resistance trendline? Inverted H&S would be bullish signal for BTC traders. I've noticed such pattern. Any comments would be appreciated :-)