Support-Resistance Analysis BTC

2018년 5월 11일

Raise your hand if you ignored that bearish divergence.
. O/
./|
. /\

I applied percentages to some possible short-term outcomes based on:
- the length and depth of the bearish divergence on the 4h charts
- the depth of that ominous H&S that classically broke halfway thru the right shoulder
- the relative strength of the major long-term trend lines
- the relatively lesser strength of the Fib and Fib-fan lines
- If we go down, we're looking at major support at ~7800 (.618) and ~6850 (long-term uptrend)

Long term feel: Tough to ignore the consolidation and pinch on the 1-day charts. Plays nicely into 30-50K predictions.
I'd give 3k predictions a 15% chance right now. (fringe conspiracy theorists) ;)

Cheers!
B