Bitcoin: If you followed my presious chronicles here is where we are. Be carefull and alert. We may have see the bottom signifying the end of a correcting cycle but doesn't mean it cannot be retested if bears manage to hammer bulls down from next high. Or maybe that resistence is already the next high. I don't know.
코멘트
⋅
코멘트
⋅
RSI look already gone
코멘트
⋅
Hope that upper channel support
코멘트
⋅
There is a lot of congestion just below that resistence
코멘트
⋅
Always be aware in which timefrime price provide signals. It's important to get the timing right for understanding when you will have to pull the trigger. lol
코멘트
⋅
코멘트
⋅
5min divergence with RSI when approaching that resistence
코멘트
⋅
May go for the lower band of the upper channel from that high
코멘트
⋅
After the divergence it is looking for support
코멘트
⋅
10.200 looks supported
코멘트
⋅
Let's wait and see. Be patient
코멘트
⋅
코멘트
⋅
코멘트
⋅
Just be carefull
코멘트
⋅
코멘트
⋅
RSI is shooting and price is not following stopped by that resistence
코멘트
⋅
It may present us a nice scenario but we need to wait and be alert.
코멘트
⋅
Let's look at the 15min chart...
코멘트
⋅
Same as before...the attack is still ongoing
코멘트
⋅
코멘트
⋅
코멘트
⋅
코멘트
⋅
look at RSI
코멘트
⋅
may that be a support for a little push? I don't know
코멘트
⋅
코멘트
⋅
the 11.400 strong resistence is very close
코멘트
⋅
코멘트
⋅
RSI is not high enaugh yet
코멘트
⋅
Where are the volumes?
코멘트
⋅
Pushed back
코멘트
⋅
Let's see if supported somewhere
코멘트
⋅
코멘트
⋅
It's preparing it's next move
코멘트
⋅
Let's look where we are in the 30min chart
코멘트
⋅
코멘트
⋅
1min chart volume increasing
코멘트
⋅
be patient
코멘트
⋅
Let's see 30 min chart
코멘트
⋅
Are those volumes enough to make it go higher for a little bit? I don't know
코멘트
⋅
코멘트
⋅
Bulls have not won yet
코멘트
⋅
Let's see for a retest. Let's see
코멘트
⋅
코멘트
⋅
I don't like it. It shuold have gone much higher with that move
코멘트
⋅
Maybe we need to wait for more volumes to accumulate? I don't know
코멘트
⋅
This is due to strong bearish pressure
코멘트
⋅
코멘트
⋅
Where are the volumes in the 60 min charts?
코멘트
⋅
코멘트
⋅
back to the 5min chart
코멘트
⋅
little divergence with RSI
코멘트
⋅
Let's see if with the help of moving averages we can get more clues.
코멘트
⋅
코멘트
⋅
Judging by the moving avarages 100SMA and 200SM we have a nice golden gross meaning the trand long term has changed but in my view we it still need a low to conferm this possible new trend
코멘트
⋅
This is why it very important to be carefull.
코멘트
⋅
Ok...remember my post on the golden cross?
코멘트
⋅
That signal was found in a 15minute chart
코멘트
⋅
That signal originated a little upper channel remember?
코멘트
⋅
That helped the price to get where it is now
코멘트
⋅
Now we discover another golden cross made by longer SMAs
코멘트
⋅
코멘트
⋅
I don't know but if that 10400K resist and price 11.000 we may see a move confirming that bigger channel. I don't know. Just an idea. What is yours?
코멘트
⋅
Sorry, if 11400 resist and 11000 do not support
코멘트
⋅
So far 11200K supporting
코멘트
⋅
코멘트
⋅
코멘트
⋅
코멘트
⋅
Bearish pressure represented by the two SMA coming down and stopping bulls run
코멘트
⋅
If you look at the last 10 candles this is Elliot Wave
코멘트
⋅
3motvie, 2 corrective up to the SMAs...and then the correction
코멘트
⋅
We need to focus more
코멘트
⋅
After hitting those SMAs price corrected 50% fib of previous candle
코멘트
⋅
sorry "retraced"
코멘트
⋅
Its holding there waiting for a move...its' quite at the moment
코멘트
⋅
코멘트
⋅
Divergence with RSI on 1min chart but only becomes effective if RSI cross the 50 and the cross of the green SMA...bulls may try another attempt there but carefull could make a triple top
코멘트
⋅
Anyway it's a divergence on a dinamic bullish support
코멘트
⋅
But on such a low timeframe need to cross the SMA for the upside to get momentum
코멘트
⋅
코멘트
⋅
The divergence was not confirmed
코멘트
⋅
And priced dipped a little bit
코멘트
⋅
Sorry but platform stopped working for a while
코멘트
⋅
코멘트
⋅
I wrote that 11K would have been a nice support but platform stopped working. never mind...
코멘트
⋅
코멘트
⋅
코멘트
⋅
This has just been published by Goldbug1...let's see his view which sure will spread some light on what is going on...let's read it
코멘트
⋅
Ok...I am done for the day. I need to read this and make these concepts mine. Always be carefull and alert and follow professional traders. Not amateur like me. Thank you
주문취소됨
⋅
액티브 트레이드
⋅
코멘트
⋅
No. Its not trading acrive. I just noted how it developed here. Is that a re-test?
코멘트
⋅
Ok let's wait and see. Too many bulls and bears trap around these days.
코멘트
⋅
Ok. I am done for now. Time for a lunch.
코멘트
⋅
코멘트
⋅
Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.
@severt, it made an higher low which is a good start
cozzamara
⋅
@cozzamara, and now may try to follow that upper channel...who knows...just a guess...that 11400 is proving to be a solid resistence. I don't know we have to wait if bulls find support before the 11K and see if try again. Don't think so but a triple top cannot be exluded on that resistence. We need to wait
ilkayozcelik
⋅
at last we are gong 12393 :)
cozzamara
⋅
@ilkayozcelik, Hi, sorry I noted you only now. I was concentrated on understanding what is going on
cozzamara
⋅
@ilkayozcelik, Yes but bulls have been stopped again