This is either a move to 7784 or to 10200 for BITFINEX:BTCUSD by mycotoxin

This is either a move to 7784 to 10200 - Challenging because of the mixed signals , the MACD is turning positive but BTC is forming a bear flag .
This move this move is still on the plane and has not landed yet.
So we can double check for additional pointers to confirm which of the two moves this is 10300 or 7784 .
The Blue Pill or the Red pill ?

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This the 4 hour candle which will trigger this dump . Don't panic yet as 7800 will not happen until about 3 hours time -
- be careful of fake BTC falls

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dump it

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but it may stop also at 8600

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it will climb back up in a 2 minutes

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fake move i think

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dump this sucker

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Now i very sure BTC will hit 4k and im sure it will climb backup before hitting 7k .
because BTC does not make it this easy

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Theres a bottom at 8670

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If 8670 breaks BTC will drop to 8400. Then stay there for a while then move to
7800

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The 8400 mark is also a triple bottom

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at least 10 more hours of downward movement

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8500 was my calculation on march 6th and i feel that the last drop was a most likely a bear trap to force a sale . I got caught in that sucker

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Thats why this is ether a 10k move or a 7k drop and the challenge is to figure out which one it is

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post your feedback to this question 10k or 8k

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i mean 10k or 7k

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BTC is very clever and not here to make it easy

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The 12 hour candle usually calls the shot's and it will positive in 6 hours . So in 6 hours BTC should go up .

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I think BTC will go up and touch close to 9k, this the channel wall then come down to 8400 then go up to around 10k . What i want to find out now is why do we also show the 7800 drop.

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BTC is climbing up a bear flag with a drop to 7800 , it has a current move which ends at 9104 . This is a resistance point and also a triple top.
if BTC goes past 9108 its going t o 10k .
if BTC fails to break 9108 its coming down to hit 8400 then moving to 7800

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This is either a move to 7784 or to 10200

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there's also a hidden Bullish divergence so this may be a 10k move

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10k run proof is if 9103 is breached.

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minor trend change incoming

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down but should be minor

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HODL as its a small one .

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This an be 45 mind of downward action and Possibly 8400 can be retested

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huh ? not sure why i said 8400 i meant 8600 - now ill buy back in if this holds

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BTC being sneaky a usual

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should bounce up im sure

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in 30 mins the 4 hour candle will close and we could retest 8400 or go up . After this close there will be upward movement.

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This is bearish triangle with a drop:

Double top Ascendng triangle a continuation move

BUT

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BUT

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But the 4 hour candle will attempt to flip to positive in 20 minutes and but may retest 8400 first.

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4 hour candles is trying to flip bullish

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This weeks channel

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The channel graph above shows BTC is hitting the right wall and then dropping each time . The right wall in this case will be at 9100.
BTC getting past this wall opens the door to 10k. Bouncing off the wall lower opens the door to 7800.

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what happens at 9100 holds the answers to today's puzzle .

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I see no harm in riding this up to 9100

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zooming into the channel for a better view .

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based on the past this sure looks like a drop to 7k - But what happens at the wall will give better confirmation .

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my money is on 7800 .

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here we go 9100

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BTC has hit the resistance and double top at 9100 mark .
This is looking interesting BTC just needs to push past 9106 .

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This graph gives a better view and we can see BTC hit the wall at 90 miles an hour

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A different view of the BTC impact on the wall .

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Failure to get through this wall makes a triple top ascending triangle which usually leads to a trip down to earth to sample the soil - So BTC needs to get through this wall by any means necessary . BTC needs three soldiers right about now.

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BTC does have the 3 white soldiers on the 45 , but will they put up a good fight is the question?

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They will let us know in 10 minutes , either they stay and fight or they run

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This could also be cup a and handle in which case BTC will pull back down then bulldoze its way back up

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small trend change

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The 15 min candle is going to try to drop some reversals now

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it the 15 min fails to land them this is a good sign

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This looks good BTC may just break through

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This the first time this week BTC has breached this wall so there's a good chance we may see some Bullish kyrptonite power in action

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BTC can pull back to 87xx area and still be ok, This move is often seen to make the last part of the cup , then BTC moves back up and bullish speeds. Below 8650 'i'd abandon ship and wait for 8400

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the 90 minute candle is trying something here. whats with that doji ?
whats he up to ?

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oh no .need to take off for 30 mins,

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Please keep posting graphs etc the more information the better.

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WOW BTC !! The bull is back in town

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trend change incoming

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up

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caution at 9400 the road looks clear but always good to be on the lookout.

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Possibility

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Triple Doji showdown observed on the horizon

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Possibility if BTC can can stay above the black line running through that triangle

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Trend change coming to a city near you

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Will be a significant movement .

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A breakdown or breakout approaches

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This looks to be one of those "Triple doji Spinning top dual doji showdowns" ...these fellas are showing up all over the place.

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BTCs safe zone will expire in the next ( 3 to to 6) hours - After that the 4 hour candle will start laying down reversals .. BTC better do some moving here ..
....C'mon Lad move it.

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That "Triple doji Spinning top dual doji showdowns" does look like a break up to me ,

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Bullish divergence

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if that black line is crossed downwards its a big problem

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its around 9222

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This a fall if BTC does not get back above that line at 9222.
Now the MACD does show , short term pullback but long term Bullish
so I still some have faith in the Bull .
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BTCs current safety zone ends at 9182 - above 9296 is preferred , so this is cutting it too close for comfort

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new saftey zone at 9112

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BTC is attempting a reversal to the first safe zone at 9186 (depending on the exchange )

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where are we ?

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should stop at 8993.

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The bear flag has a drop to 7500 . So unless there's a miracle move upwards its not looking good

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BTC should climb up a bit in about 30 mins

Trade closed manually

This is either a move to 7784 or to 10200

Disclaimer

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