There was a pretty significant selloff after ER. Downward channel was consistent. We have now broken out to the upside. Hopefully we stay above 1575 and continue upward... so I can break even on my calls :D
Bull patterns are emerging. We have definitely found a bottom. It will bounce around in the fibs of this pitchfork with an upward trajectory. MOON!
3 tests of ~12.80 area; looking like a bottom. Weekly and Monthly also very oversold with 2 bull hammers. Needs to get above 20 and 50 MA before we really start seeing some momentum. Provided the guidance is better moving forward, we should see some crazy upside here.
Looks like a long term trend bounce here. Also bouncing off 400EMA (lol). GLTA.
Should see a nice bounce in the next few days. SL @ 9.40
Broke out of the last month's downtrend and tested it (red line). Let's hope it holds up and we start seeing some parabolic action!
Bitcoin is currently being rejected by the 200 EMA. Not good. We may test the lower part of this channel again, which would be the third time in ~3 months, which is implying much more weakness than in the past. If we fall out of this channel (that has been running since inception really), SHORT SHORT SHORT. If we break out of triangle to the upside, put your house...
Only a matter of time (12 days to be exact)//
Big bull move into big bull pennant -> breakout of bull pennant into smaller bull pennant -> big volume fail; back into big bull pennant -> big vol fail out of big bull pennant. Would not go long until it returns to bull pattern status.
But I think the buck stops at 12000. Retrace back to 9000 (worst case).
910 broken and MACD crossing :)
BTCLONGS ALL TIME HIGH. SHORTS DROPPING OFF.
Huge vol is back, RSI breakout, MACD curling. I'm guessing a test of 13,000 in the near future. GLTA.