Hi Cryptianz,
As per our Previous Technical Analysis BTC was in bearish market & still in...
We personally given info for our team as to stop trading since the market more volatile on both the sides...
Few Whales are trying to put it on right track & few whales are trying to accumulate more in cheaper Price...
Strong Support Level : $8350
Still the market is...
1.FAlling wedge, to support to form a expanding ascending wedge
2.During the conversion of wedge there was a Bearish gartley formation
3.Also the kumo cloud formed a tough to break resistance span over the price action which was not easy to break
4.the Double top neck;ine acts as a potential resistance to halt any movement bove that..
5.If break happens i doubt...
BITFINEX:BTCUSD A descending triangle breeding !
Brace !
Following the pattern there is going to be a 2 day stall in any major break of price action....
But then its mayhem to 7400 which is the 1.27 fibonacci level..
A bearish harmonic battern is to be watched for...!
Or a tripple/double bottom..!
Holy thou Shorters..!
Disclaimer..This is not a trading/investment...
bitcoin crossed the rising wedge some days behind but the binance bad news again the chart created the bearish trend but now btc stable and holded stron at level 9k and rised more then 400$ from the support level with strong buy waiting to cross the again bearish wedge to rising wedge.
Hi Cryptianz,
We are seeing that BTC has started its bullish trend and having their strong support levels above $10500...
There will be always a Pullback in Bullish Trends that's what we are seeing now...
We need huge volume to make it more bullish after this pullback we may see $12250-$12500 in few trading sessions.
This pullback is expected upto $10860 if...
The rising wedge pattern is playing out.
The upper trendline on the log scale has been tested. I expect to see a retracement toward the Kijun / Cloud support which coincides with 0.382 fib retracement level.
