rovamad

rovamad

#Bitcoin, In a line, the life. Volume decreasing, a new strong movement is coming. We still have pending the second target of the measure move in the 12k.

rovamad

Wyckoff acumularon could be? I'm not an optimistic guy on Bitcoin and Global Markets, but charts could be saying something different... do you see it?

rovamad

Dogi candle just over the Tendency Line, Measure Move indicates target of 34k which it's the POC of the entire Bull Run in the Volume Profile. In the best of the cases we only are going to retest the 44k which it is a Low Volume Node.

rovamad

Bitcoin have a Coil/Rising Wedge which usually break for his lower limit. We could be close to see Bitcoin testing the rupture of his creek in the 0,5 or 0,38 Fibo, that is 50k or 55k.

rovamad Updated 

The price is still over two supply lines/tendency lines, but for how long? Right now the objetive of measure move of our first fall/triangle/coil is technically accomplish, I have market the 49.920 and It went to 50.500... All this combined is a good entry point for a few investors, the price could even go up until the POC in 56.000 which is also a good entry...

rovamad

As we can se here, Yesterday and today a new flat pattern is ongoing just over the tendency line we are carrying from before, just waiting to see which direction the breakout is going to take, this night or tomorrow. The short menace is not over yet.

rovamad

Gold looks like it did a black swan. And it's ready for a rally! Is finally out of a bearish channel and is currently testing the previous creek it did a few years ago to go up!

rovamad Updated 

Quick Idea for today short close to the next resistance...

rovamad

As It was working before... this resistance and this figure is working from the elections, so as Al Brooks say, the price have 80% of continue do what it was doing... 3960-3800 objetive is possible

rovamad

If we want make a secure operation we still need wait till tomorrow. But my feeling is bullish if you ask me.

rovamad

Currently we are about 5 to 10 candles that appears a crossing of Moving Average between the 100 and 200 one, forming a downtrend in graphics of 4 hours, formation called Death Cross. This is an update of my previous idea where a double TOP was formed in the last month at the height of $ 11,700. What gives us an idea of a bitcoin around 7,000 dollars in a few weeks.