Volume. Bollies. Fibs. EMA's.

BITFINEX:BTCUSD   Bitcoin / Dollar

Fib retracement from the previous low shows it took BTC 18 hours to break the 0.5 level.
It took another 14 hours to break the 0.78 level.
About 21 hours above the 0.78
It's now spent 49 hours above the 0.5.

Can it keep it going above the 0.78? The 0.5?
If so, our lowest could be 8400.

I stand neutral.

Bollinger bands
As of 1AM PST, four 1H candles have pierced the upper bollinger band .
The more candles pierce, the harder it can drop.

I stand bearish .

The longest EMA , the 60 EMA , is slowly turning upwards again, after a long day sideways.
To keep this upwards momentum going, a bigger gap from the short (neon) and the long (dark) EMA's should be established.

I stand neutral.

I love volume . But sadly, in the last 9 hours there has been a big steady drop in volume , with a rise in price. You know what happens if this divergene continues.

I stand bearish .

With 2 bearish and 2 neutral sentiments, I conclude that this artificial rise in price may come to an end sooner rather than later.

Target price is the the light green bar at 9000 if fake prices continue.
Target price is the red dot at 8600 and 8700, or anywhere in the fib channel.

Red dot.

Kommentar: Lmao surprise surprise, it went exactly the opposite way of the bearish target.
Hit the bull target of 9000+

Starting to make me feel this ain't a bull trap, maybe the MM's wanted that.
Kommentar: Bollinger bands pierced hard again. Only thing that can lift this up is more volume. After a sell-off (?)

Red dots are targets.

No bullish targets. Maybe 9400.
are the bearish momentum is finish?
joserz Slick_Rick27
@Slick_Rick27, volume isn't convincing, but the price says otherwise, so we'll see
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