Looks like Bitcoin is testing patience levels of investors.
We could see forming a traingle pattern and need to wait Jan 5th to break the pattern.
Hope 4 gud. Happy new year folks :-)
Just like BitCoin Bubble, Ripple is sending same negative signals.
We can clearly notice the Volumes are dropping and RSI negative Divergence.
Book your profits at right moment
Omnisego/Dollar - 9.75 cmp
Target - 10.5 plus
Stop - 9.80
1) Nice double bottom setup.
2) Price above 200 ema and 30 ema with both sloping upwards.
3) Double bottom neckline cross observed leading to a formation of HH and HL pattern.
BTC - Charts reveal a retest of $ 11,000.
1 hour chart
1) Reverse Head & Shoulders pattern formation.
2) Price well supported by 200 period ema. Has crossed past 30 period ema.
Break below 6900 will open for further profit booking
upto 6500-6600 where buyers will try to take control
with rising wedge resistance turning to support now,
also 23.6% retracement of 2970 to 7600 coming around
6500
