I think this Bearflag is still at play although i dislike how it turned out with pumps on the way down. Bulls have broken out of the Red down trend line. Looked strong for a second but seems like 7100 is giving a lot of trouble. Most likely we will go down and bounce at the white support line below.
As expected in previous chart, no way that support was holding up Will bears let us have a bounce at 5950? Strong support in that area, it just seems too easy to predict so we will have to wait and see. I think we will get a short term bounce off there but eventually revisit and go lower! Worst case scenario we have a tiny little bounce then we get stopped in our...
No TA just going off gut feeling of market sentiment. Mini support here at 7250 won't hold. Let's hope our 5.9k does!! Big trouble if not-
First off thanks for the love on the last chart! Possible short term bullish action, falling wedge. Break out target if it completes to 8400-8500 resistance. Be ready to set stop loss, in case it breaks resistance and goes on to 9000-9200! I'm not trading BTC atm, too manipulated. I'm in alts, but this is a possible outcome. Play it safe guys!
Chart is how it was, called the Bear flag before it even fully formed. There was a quick bull trap before the dump... as expected. Don't want to come off arrogant but i have seen 4-5 charts wrong in a row by our 'top' authors yet they have tons of views and likes. The noobs with much more accurate calls don't get any love , come on now.
Nothing special Just what i see happening We may just trade sideways... but i think this needs to happen. Go down before we can go up!
BTC isn't really drawing much out at the moment. Kind of looks like a head and shoulders but the left shoulder doesn't look clear enough for me. Over all i think we will be rejected and go down to the support (white line) Tell me what you think
Possible visit to 7.6k before moving up and breaking resistance. If we don't dump , let's hit the Bull Flag target now!
As you can see my previous bear flag broke upwards first instead of dumping right away. There is potential for this Bullish Pennant to hit it's target. But... i just don't trust BTC that much yet. Set stop losses if you are going to chase the bullish flag / Pennant Target - 9800
If this falling wedge plays out, BTC will hit around 7180 before having a strong bounce to 9200 area and beyond. The Bear flag i drew at the bottom broke out upwards at first. Tricking buyers into having hope that we were reversing there before getting dumped on. If BTC falls out of this channel we could be going to 5.9 - 6k for retest of our previous bottom....
Potential for bull flag, small bull flag that is. Push to 8.9k? Give me some thumbs up, i need more rep points to comment. Thanks :)
Bear pennant formed pretty nicely, i can see a potential beartrap if the buying power is there and us breaking up a little. Other wise if this plays down we could hit the high 6000's
My last chart didn't play out... BTC decided to trade sideways so head and shoulders was not created. We better hope for a Bounce at 7900-8100 area.... there are small supports below that but ultimately we should retest 6k before going up.
What do you guys think? I can see a possible H and S forming right now with a short break down right to 7.9 8k support area. Before bouncing off that, other wise if we continue our up trend now the Head and Shoulders is invalid and we can hit 10500 very soon. These are two scenarios this noob can see, my predictions have been semi decent recently. I try to give a...
Mini bearflag broke down perfectly, and hit my target. It wicked below it quickly but support ended up holding until it bounced and came right back in. If where we are currently at 8770 doesn't hold and 8k is our next spot of good support. Buy volume is not looking that strong, 6k is totally possible in the short term. We may just need to visit and test that...
If current support doesn't hold i see a small rally / bounce right around 8.8 thousand. Most likely won't hold , and 8k will be our real hope. Buying force does not look strong at all, plus negative news in media with SEC etc. Both prior supports were broken, although they did hold up a bit. Notice how the top authors are now all becoming bearish. They are simply...
Hey guys, looks like it did a mini bounce off my first support line (short white line). Then broke right through, thanks to the $400 million market sell. Even if the market sell didn't happen, my prediction was we were going down regardless... we just went down a little faster than anyone expected. Join me, I cannot comment on others since i am new. But spread my...
I maybe new to TA but that 'Inverse head and shoulders' just looked very broken up and jagged. I didn't see it playing out for one second, not this early after our last major crash... Potential little bounce at 10.3 to 10.4 , hopefully we just break right through it and go lower. The faster we correct the faster we can go bullish again. Bulls need to throw in the...