Hope you don't hate me, after reading my conclusion in this post.
I would like to bring a kind CAUTION to the users across the world with my technical analysis.
I wish this wouldn't happen. But I can't deny the facts that I see in the charts.
What-If Bitcoin falls to $ 200 ??
Do the chart tell us a complete different story that...
. There is a possibility of temporary retracement to suggested support line (9325.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
i can trade 50 time in a day based on these trendlines, PA respecting the trendlines on the chart on small Tf like 1h or 4H , BTC is easily tradeable .
but on higher TF I m not convinced at all of this move until it breaks the resistance with continuity or support with continuity .
but i expect such PA in midweek where trend can be seen in continuity , a long...
bitcoin having all the symtoms of drop on smaller time frame , check 1h , it's making hidden bear div. with stochrsi & on 15 min regular divergence . ..waiting for 9350 atleast ..a sharp move ...capitulation kindda move towards 9350..expected .
i can say these excesses as check dams ...which slows the pace of downfall or upswing .these r bias changers - even for very seasoned traders . but still they act as strong points of reversals . i still belive $btc will go down & stocks will rise from next week -- as charts r saying so ..lets see ..i m a human , so reserved the right to be wrong . so don't blame me.
namaste pattern from $btc , bull case ends ,it's short on rise....till 9200 is reached ...for $alts .... no money is moving in them until$btc stablizes & go sideways . most probably from sunday onwards . so trade safe & trade good .
i will be covering/closing my shorts when any candle touches ... the green trend line , break of upper yellow trendline has confirmed the temporary downfall , will update my view when price touches the green trendline .
needed your likes & re tweets .
if this daily candle closes on "mother of all resistance" or below $9118 , i doubt this rally for reasons:-
1). volume is decreasing
2).daily candle close on resistance or below 9118.
3). if price trend reverses FROM HERE on HTF , it can make bearish divergence on all HTFs .
4). close of daily candle below upper bollinger band on daily chart .
these all r...