BTCUSD Bitcoin Top Imminent

29 lis 2017

Daily RSI approaching 83. Significant pullback is imminent. Possibly will fall close to 125 day moving average on daily chart (5500), however given increased attention from institutional buyers and the general public, I expect it may reverse to an upward trajectory earlier (possibly at 7000) so I'll be placing some staggered buys for the journey downwards.

29 lis 2017

Uwaga

Pullback in progress. Currently forming a bearish flag indicating further downward movement.

30 lis 2017

Uwaga

0.618 fib touch. Time for a retest of the low?

30 lis 2017

Uwaga

Looks like a rising wedge has formed.

30 lis 2017

Uwaga

Now going for a retest of the 9000 low

30 lis 2017

Uwaga

Bounced off 100 EMA up to 50% fib. Still looking bearish.

30 lis 2017

Uwaga

Fallen out of bearing flag. Next stop 8100 ?

30 lis 2017

Uwaga

*Bearish flag

30 lis 2017

Uwaga

Sorry getting ahead of myself. Retest of 9000 needs to happen first.

30 lis 2017

Uwaga

Broke below 9000. Currently retracing with further downward movement likely.

30 lis 2017

Uwaga

Price bounced up to the 61.8 fib measured from the 10542 high. Let's see where we go from here.

30 lis 2017

Uwaga

Looks like a breakout. Could be heading for a move higher and possible trend reversal.

1 gru 2017

Uwaga

Another leg down soon. I think we will be retesting 8801.

1 gru 2017

Uwaga

A real bulls and bears battle going on here. Currently moving in an up-channel. Not seeing signs of it dropping further at this point.

1 gru 2017

Uwaga

Doing this from a mobile phone is never easy. Zooming out to the 4 hour chart, we're in a downtrend and I expect a retest of 8801 in the next 5 hours.

1 gru 2017

Uwaga

We now have a higher high and a higher low. If we breach 10100 we will continue upwards. If we breach 10542 we're heading for a new all time high.

1 gru 2017

Uwaga

Note we could see some profit-taking at 10542 and risk of a reversal.

1 gru 2017

Uwaga

A bullish flag has formed. New ATH could occur shortly.

1 gru 2017

Uwaga

Looks like we could be at the top of a B wave of the correction, which means we see a larger pullback from here to sub-7000 at least. Watching this one closely.

2 gru 2017

Uwaga

C wave with strong downward movement expected shortly.

2 gru 2017

Uwaga

Possible start of the C wave if we drop below 10401. Currently dips are being bought up quickly so the market still looks fairly strong. Still need to monitor this one closely.

3 gru 2017

Uwaga

Hovering around the 11000 mark. This has occurred a few times previously at the 6000 and 8000 levels, both times not retracing again but pushing higher instead. Barring any highly negative news, I expect this will do the same, but I'm not placing any buys until there is clear direction either way.

3 gru 2017

Uwaga

Well we've broken the previous ATH. I'm personally risk averse and won't be buying while Daily RSI is over 83. I expect a larger retracement will occur between now and 13500, and will not be buying at the moment. Your trading decisions should reflect your personal risk profile.