muhammadabdullah

muhammadabdullah Updated 

Hi! so the drop is expected because momentum was lost, what usually happens is when stock market fall this market drops too but it didn't crash when stock market was going down. So what happened was BTC formed a pennant and pennant usually break either way and it broke downwards with huge amount of volume as you can see, i have never seen RSI go below 20 on daily...

muhammadabdullah

looks like BTC following those elliot wave. If this is what is happening than another move up is coming.

muhammadabdullah

LTC found support at this level multiple time and we are at 0.5 fib level. We might see a move up in few next hours. If LTC break 52$ level it will take us to 49$ level. If we started to move up we should expect a target around 58$ish level

muhammadabdullah

Looks like alt coins are losing their strength a perfect bear flag formed it will take us back to 0.49$ level.

muhammadabdullah Updated 

it tried to break upwards twice but didn't succeeded. Low volume means a possible breakout either to the upside or downward. Trade when it breaks either ways but with volume.

muhammadabdullah

Looks like a drop to me but if they don't hold 580$ level it will drop back to 540$.

muhammadabdullah

Bitcoin ready for another drop but bulls need to push above 6460 level to invalidate this bear flag or else it will drop back to 6420.

muhammadabdullah Updated 

BCH lost it strength. it might be a shake out but bulls need to push or price will fall back to 600ish level. Wedge Target: 610$

muhammadabdullah

Falling wedge in play but it depends on BTC right now. Buy at 218 Sell at 225

muhammadabdullah

Target: 226

muhammadabdullah Updated 

Alt coins are showing some strength but BTC needs to move so alts can reach their target whole market is depending on BTC. Target : 5.8$

muhammadabdullah

Bulls need to break above 220 or it will drop back to 213 Target: 213

muhammadabdullah Updated 

Bulls are showing some moves right now. We need a clear break above 6500 level and 6800 level to show that this market is alive. short term target 6550 if it break upwards 70% chances are it should break upward. downward target is 6350

muhammadabdullah

This pattern is not the kind of pattern we see everyday. This pattern appeared in 2017 before the bull run. Target: 59$ will update after this target is reached.

muhammadabdullah

new highs are coming in next few weeks be ready. Target: 0.58 will update you after we reach this target. lets take baby steps together

muhammadabdullah Updated 

Break of 590 will take us to 650.

muhammadabdullah

Short term target 55$ break above 56$ will take us to 60$

muhammadabdullah

First Target: 380 Second Target: 420 If this time 380 is not broken we'll see a downfall