TradingView
damasopg
24. Apr. 2018 14:48

BTCUSD Coming back to test 6.5k again (BEAR SCENARIO) 

BITFINEX:BTCUSD120
Bitcoin / DollarBitfinex

Beschreibung

⋅
Rising wedgy wedge.... 6.5k posible target. Invalidate if we break 9.5 violently.

Kommentar

⋅
Rising wedge still in play, the break to the upside wasn't strong enough and it was taken down by the bearish divergences:



6.5k is the textbook target no the absolut target, we have to break 8.8k and 8.1k before, there is a lot of ground to cover for the bears.

I use the ideas tool for my self evaluation, dont follow my TA,please. hahahahaha

Kommentar

⋅
8.8k target achieved, no bull volume we will keep going down 8.1K in the horizon. the target depends on the speed at wich we drop down.


Daily engulfing red candle... Super bearish sign

Kommentar

⋅
It took time but.....
Trend AnalysisChart PatternsTechnical IndicatorsBTCUSDBTCBitcoin (Cryptocurrency)Rising Wedge
Kommentare
Asma7assan
⋅
we have plenty support before we fall that low. not to be too ambitious and optimistic, but i dont see this happening.
HoudiniX
⋅
The only reason I can see why people are calling 6k,5k, or even 4k, is because they missed out at 6.6k. Yes BTC will retrace eventually, but 8.1k Max
arrie1992
⋅
@QueenBx, How could they miss it? :p it was trading at 6500 for a few days. Plenty of time to buy it then.. but they were afraid I think ^^
HoudiniX
⋅
@arrie1992, Exactly! The problem was people calling very low figures like 4k-3k when it was at 6.8-6.5k so of course, people waited and missed out. I layered my buys from 7.5k and increased my buy amount every time it went lower to dollar cost average.
damasopg
⋅
@QueenBx, BTC hasn't still supassed any big level, the 9220 was important for the bulls but we have to gain the 11.7K double top to get out of the woods :)
PaulsCrypticMine
⋅
I doubt we break through 8700 support but if we do 8100 will surely hold
Mehr