Sennacat

Sennacat

Short term direction - 7300

Sennacat

Clear sign to buy in and go and make a brew. Cup and handle breaking out now, target 9300 plus

Sennacat

BTC looking very strong but .... The current pricing is creating a dilemma, to the upside btc needs to break this 9700 9800 range with conviction and should head to test 10k easily, and if surpassed should reach to the most recent high of 11,700 pretty quick, great news for us holders! Just need some weekend buying volume to get us through the 9800 and reach for...

Sennacat

Another decisive weekend ahead. On LOG charts we did not break the downtrend, it was severely pierced a number of times on two consecutive days but failed to close above, those not viewing the log charts may have been fooled a week ago into thinking we are out of the downtrend and heading north, not yet we are not! I am bullish long term and sincerely hope this is...

Sennacat

Looks like the same candle patterns as when we came up. Now mirroring patterns in reverse. Soon to retest the 8200 zone then down to 8,000, up to test 8200 again then sharp drop to 7800 zone, again up to 8000, sideways and down to 7600, up again for a final test of 8k then a sharp drop whale dump to 7k. ETA: tomorrow 5pm UTC+1. H&S will also be completed. We will...

Sennacat

Not in to flags personally, maybe someone else will call it the correct way?? When some TA's call a bull flag btc goes down but it is projected btc will go up, when they call a bear flag and the projection is down, btc goes up. Flagging confusing! Is it even a flag? Who thinks up or down?

Sennacat

A view on the weekly chart to help visualise the bigger picture. We are are now in the third week of testing an uptrend support line from early 2017, blue dotted line marked B1, it has been great support for the previous 2 weeks holding at 6400 and 6500 lows and currently has held us above 6600 so far this week. The good news is that it looks like if the support...

Sennacat

Called this h&s pattern 36hrs ago showing on the 4hr, here it is unadjusted on the 1hr, looks like it's playing out to me, what do you all think?

Sennacat Updated 

4hr possible H&S in the making, if we reach and test the 8500-8400 zone and go sideways this may play out to the downside target of 7300 and re-test the low from last week at 7240. Macd indicates a crossover to the downside imminent. RSI looking bearish 8500 needs to hold to turn to the upside

Sennacat

A quick and simple observation of the possibility of history repeating from the early February downward movement. On the 4hr we can see the current price range bouncing between 8900 and testing 9500 as we did 3rd & 4th February as marked by the blue circles. We can also see by the MacD and stochastic the levels in Feb and current are at the exact the same levels...