btc has gone below 6000 four times since ath and then peaks with with lowers highs as it walkes its way to the end of wedge , if we see a retrace after the next 7200-7500 back to 5850 then a bounce I think that will signal a very definite bottom.
btc went abit lower than I thought but has found support back around 6200. a bounce to 7500 then down to 5900 and another bounce plus fomo to 9000 and beyond. no moon shots to be expected just a steady climb .
Zooming out on the 1Day chart seems to show that btc needs one more big step down to finish its correction. I thought $4850 might have been bottom but I think $6300 might be it , I believe btc will bounce off the lower wedge line and then a rapid rise (hopefully) around the end of august.
I still believe long term bullish but I think we will see a step down to what I call btc ,s organic growth trend line in the coming weeks. i ran a line from early 2017 to today picking up support and resistance points and we still have a bit to drop before the bottom, I think $4850 is the turn around .
Sunday morning in Australia and feeling posiyive about btc today .seems to be no sellers below 7500 . this is so good fpr starting the path upwards. The market has had the shit shaken out of it but it has to stop or retail investors just simply wont enter.I drew in these lines a week ago and btc is keeping above lower trend line which picks up the big buy in ...
welcome to bitcoins new stable price range 7050 -8300, this is what I reckon has happened .money men have realized that they can make btc do a 4 stage cycle in 96hrs picking up 7 -10% in that time , Easy safe gains if your playing with millions. why would they let the market change if you can do this kind of trading . just my thoughts .
we have rising rsi and have risen slightly ( looks good on 5min chart ) in price but I believe there is a bit more shaking and bleeding yet cause the money men want to buy cheap btc .just my thoughts
still heading to 6850 area ,falling rsi and downtrend macd. btc will soon be oversold when rsi falls below 30 and then it should climb and maybe fomo pump .
BTC has to see 6800 before we go up .I don't think we will see lower . early april saw 30 billion fed into btc and eth. if you have a look that lovely big green candle started around 6700- 6800. the moneymen want let their assets fall below what the paid, but really btc could do anything, just my ideas and definitely not advice to do anything.
BTC has struck resistance on the 9180-9200 area again and I believe we will see walking sideways until macd crosses to impulse and we need to see a upturn in the rsi before we will see more steps upwards . just my thoughts.
Channel held up and with a macd on impulse and good rsi cant really see a reason for btc to slowly make ground .steady growth on Alts lastnight its nice to wake up to a sea of green and a increase in your portfolio .For any one reading this thanks for your interest , I am a carpenter ,drag racing enthusiast and mangrove wildlife tourguide ,my involvement with...
The entry to the ascending channel from what I can work out is a bearish entry , falling into the channel ,generally this will result in a break down . Maybe with genral sentiment being bullish btc can move up .thanks for showing interest in what I think but seriously im really only guessing like everybody else,haha. Crypto should be fun , don't risk that much...
I think btc would still be travelling in its pennant, wedge or tiangle formation if the profit take had not being so large, in my opinion I think the inputs and outtakes of large amounts of shares can be easily seen ,btc should to be very close to having a large green candle appear to keep the bears at bay and make more money , check the times on the volume spikes.
Goodmorning from sunny Queensland Australia ,another beautiful day unfolding .Well btc remained stable overnight on that 9180-9200 area and slowly squeezing itself into the last of the wedge .In my opinion the way btc is performing without the appearance of the big money showing up and moving the market it leans towards a move upwards. as a new investor in the...
