Falling Patterns in BTC

BITSTAMP:BTCUSD   Bitcoin / Dollar
Just some thoughts on the bearish btc market weve been experiencing of late. Seems like the price is confined to a descending channel and it's been experiencing quick drops with rebounds to attempting recoveries. So IF we get are going through a third attempt at this pattern, we just had our second rebound and the price is dropping a little more (probably to the orange line ~$10k or so) then it should quickly move up to test the upper channel line (around $14k). If there is confirmation of a break here and support holds we could break out of this downward spiral. If not... look to the previous support line and set your buys accordingly. The good/great buys shown here should be taken with a grain of salt, but it seems to be a good level of previous resistance and support so I would be surprised if we don't see another bounce from those areas in the event of a big dip. Good luck trading... not investment advice.
Kommentar: Orange line seems to be holding. Upper channel line test ($13-$14k) still in play.
Trade ist aktiv:
Looking at the RSI on the 4hr time frame; it appears to be rebounding.
Trade ist aktiv: Stay on target...
Kommentar: looks like the bears won this round; through the support line. Look for those low buys coming up!
Trade ist aktiv: Into my "good buy" zone. Starting to enter small long positions.
Trade ist aktiv: didnt quite reach the "great buy" zone but the day isnt over. looks like we are coming back up for a breath for now.
Kommentar: Trying to break that ~9200 support/resistance level. if no break we should push lower.
Kommentar: if you balked on the first trip down... here is your chance. looking to enter the "great buy" zone.
Kommentar: Well? Did you control your emotions and BTFD? Should head back to test the 9200 level.
hoping for something like this... notice the enormo-green volume bar
Kommentar: This was almost spot on ^

Hope youre all still hodling!
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden