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 .
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 .
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...
The price is in the Liquidation price zone for weeks. We have seen the same structure for bitcoin back in 2012 where it came back to 0.618 fib before it started a bull run. Same could happen this time. Before the bull run, BTC will see its low at 0.618( 5200) then back to 10000 .
By November the price will project to 16000. By February 27000 the same will happen...
. DASH/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. There is a possibility of temporary retracement to suggested support zone (0.02030600 to 0.01772000). if so, traders can set orders based on Price...
BITCOIN WAS NOW LOOKING AS TO GOING DOWN FROM 5191
WHY I AM SAID BECAUSE THAT WAS HIGH POSSIBILITY AND MANY BIG RESISTANCE ARE AVAILABLE ON 5200 USD AND SECOND IS RSI BITCOIN WILL OVERBOUGHT SO YOU CAN TAKE ENTRY IN SHORT
Support in the 20 and 100-day- moving averages and the 61% level of the Fibonacci, demonstrating so the beginning of the wave 3 (Elliott Waves) in the daily timeframe. The trend- Based Fib Extension show to us the $5.166,00 price level as our exit target, coinciding with the 200-day-moving average.
The average directional index (ADX) is used to quantify trend strength. In many cases, it is the ultimate trend indicator.
It's clear from the chart that the ADX has bottomed and there is no strength left in the trend. This shows that BTC has entered accumulation since Dec 2018 and there's very little chance of seeing new lows