loty1825

loty1825

Following up my last idea, titled "How far can BTC fall?", seems the idea became true. The price bounced off 3030 area that I described as whales' favorite fibonacci level. We got a strong red candle, followed by a strong green candle, signaling big investors are back in the game and the downtrend will reverse. And many more signals that confirm BTC/USD is in...

loty1825

How far can BTC fall? That's the question I've been asked a lot in the last few days and it's very tough question to answer on pure technical analyses, because there's a lot of (negative) fundamentals driving the price down these days. There's pretty obvious it has broken it's long term uptrend support line, so now it's techically in a downtrend. If there's no...

loty1825

Daliy chart shows the downtrend has ended, and we can expect it to go up in the next days. It has fallen below .786 fibonacci retracement level, which is a strong signal the downtrend has come to an end. Has been consolidating around that level for some days, and bounced upwards. It's just about to break out upwards out of the flag formation, which is also a...