Ecua_Trader

BTC. Update of earlier blocked chart.

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BITSTAMP:BTCUSD   Bitcoin
BTCUSD

BTC reached the 9.5k price today giving way to a possible full 100% retracement. Interesting new development is that 9.5k is also the old ascending slope of BTC.

As time goes by, the more that line trende is broken, the most likely is for BTC to fall to the initial 5.5k before the 19k rally started.

Updates will come as BTC price moves.

This isnt something abnormal of btc. If you want a full list of BTC price report dips since 2013. message me. I was told I cant post links or I will banned for violating house rules. lol

;)
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BTC moving well along the price ranges. Take advantage of all the altcoins rallies. ;)
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BTC moving well along the prediction. Take advantage of all alt rallies ;)
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BTC reaching its crucial moments.
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BTC failed to break resistance in the last 3 hours of attempting. Perhaps it will try again in the next hours. Will keep you updated.
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BTC moving toward oversold again in the last 8 hrs. Not a good sign at the moment. Still waiting. Patience must rule when we know an outcome must arise.
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7 hour chart is forming a head a shoulders pattern. Expect to see a 12k price then new lows. More updates to come

s3.amazonaws.com/tra...shots/u/u7TJZjon.png
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Ok, I dont want to jump the guns here but I would like you to monitor this yourself. We have two possible scenarios that could change BTC price movement for now.
1. Forming a continuation down trend and falling again.
2. The previous would form a new H&S pushing price down to 9.5k levels to test ist support and if that cant hold it, perhaps we will see new lower prices. As TA, we look into the possible outcomes. I am not saying this will happen but at this point the there is a true possibility. As of now, I dont see any signs that tells me BTC could reverse its falling trend but that doesnt mean this will not happen. I will keep you posted. :)
s3.amazonaws.com/tra...shots/e/eNLGzKfO.png
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not much to explain, now we need to wait on the old trend bounce and see where we end up or break that trend as well and see where we end up. lol s3.amazonaws.com/tra...shots/l/Ly4yaUzQ.png
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BTC following the Elliott Wave. We expect a recovery, another attempt to break resistance at 13K levels and a possible outcome after such attempt. I will keep you updated. As a suggestion, always ladder your purchase orders. it is safer and a better trading practice. ;)
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Current situation. Some study tools were removed to make it easier to read. This chart is still based on the main posted chart. s3.amazonaws.com/tra...shots/s/SBjAdNMM.png
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BTC in an amazing display of stubbornness and power, broke resistance earlier but could not keep its support. Perhaps we will see a slow price decrease. Will keep you posted.
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I apologize for my lack of updated but not much to update at this point. BTC still struggling in the resistance areas. If btc continues this current prices, Soon time will catch up with bottom trend line and then something perhaps will evolve from that. I will monitor BTC and give you update I consider important. My picks are XLM ICX AND STRAT which look amazing. ;). Have fun.
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BTC having hard time with the FIB resistance at 9.5K

I think at this point all trades should be entered with stop loss option.

Have fun.
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I have decided stop reading others TA. Not by ego but because the noise they bring isn’t helpful. Still think 5.5k is bottom.

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