Looking for support on green bar or it has just made turn to complete the bigger falling wedge.
If that bear flag played out then we can get to $5700 range as expected by falling wedge on larger time frame.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price...
Bitcoin showing bearish divergence on 4 hourly. Looking on bitmex.
BITCOIN/DOLLAR Midterm forecast: There is possibility of temporary retracement to suggested support line (8180.60), if so, traders can set orders based on Price Action and expect to reach short-term targets. While the price is above the support 8180.60, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support...
BITSTAMP:BTCUSD Case for the bulls... 1.A longer term bearish abcd with a bullish CD leg under formation 2.Breakout from the ichimoku cloud on the four hr chart , both lagging line(Chikou span) and price action 3.Fibonacci retracements of 0.382 bokeen on good volume support (although not a clear brekout) 4.A inverse head and shoulder with classical volume pattern...
fib suport levels with EMA MA DMI suggest its down time. just be patient till next support level