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Bitcoin: Nice attacks from Bulls but Bears resisting

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.

Uwaga

Uwaga

RSI look already gone

Uwaga

Hope that upper channel support

Uwaga

There is a lot of congestion just below that resistence

Uwaga

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

Uwaga

5min divergence with RSI when approaching that resistence

Uwaga

May go for the lower band of the upper channel from that high

Uwaga

After the divergence it is looking for support

Uwaga

10.200 looks supported

Uwaga

Let's wait and see. Be patient

Uwaga

Just be carefull

Uwaga

RSI is shooting and price is not following stopped by that resistence

Uwaga

It may present us a nice scenario but we need to wait and be alert.

Uwaga

Let's look at the 15min chart...

Uwaga

Same as before...the attack is still ongoing

Uwaga

look at RSI

Uwaga

may that be a support for a little push? I don't know

Uwaga

the 11.400 strong resistence is very close

Uwaga

RSI is not high enaugh yet

Uwaga

Where are the volumes?

Uwaga

Pushed back

Uwaga

Let's see if supported somewhere

Uwaga

It's preparing it's next move

Uwaga

Let's look where we are in the 30min chart

Uwaga

1min chart volume increasing

Uwaga

be patient

Uwaga

Let's see 30 min chart

Uwaga

Are those volumes enough to make it go higher for a little bit? I don't know

Uwaga

Bulls have not won yet

Uwaga

Let's see for a retest. Let's see

Uwaga

I don't like it. It shuold have gone much higher with that move

Uwaga

Maybe we need to wait for more volumes to accumulate? I don't know

Uwaga

This is due to strong bearish pressure

Uwaga

Where are the volumes in the 60 min charts?

Uwaga

back to the 5min chart

Uwaga

little divergence with RSI

Uwaga

Let's see if with the help of moving averages we can get more clues.

Uwaga

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

Uwaga

This is why it very important to be carefull.

Uwaga

Ok...remember my post on the golden cross?

Uwaga

That signal was found in a 15minute chart

Uwaga

That signal originated a little upper channel remember?

Uwaga

That helped the price to get where it is now

Uwaga

Now we discover another golden cross made by longer SMAs

Uwaga

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?

Uwaga

Sorry, if 11400 resist and 11000 do not support

Uwaga

So far 11200K supporting

Uwaga

Bearish pressure represented by the two SMA coming down and stopping bulls run

Uwaga

If you look at the last 10 candles this is Elliot Wave

Uwaga

3motvie, 2 corrective up to the SMAs...and then the correction

Uwaga

We need to focus more

Uwaga

After hitting those SMAs price corrected 50% fib of previous candle

Uwaga

sorry "retraced"

Uwaga

Its holding there waiting for a move...its' quite at the moment

Uwaga

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

Uwaga

Anyway it's a divergence on a dinamic bullish support

Uwaga

But on such a low timeframe need to cross the SMA for the upside to get momentum

Uwaga

The divergence was not confirmed

Uwaga

And priced dipped a little bit

Uwaga

Sorry but platform stopped working for a while

Uwaga

I wrote that 11K would have been a nice support but platform stopped working. never mind...

Uwaga

BTC - The Battle Between the Bulls and Bears

Uwaga

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

Uwaga

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

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Uwaga

No. Its not trading acrive. I just noted how it developed here. Is that a re-test?

Uwaga

Ok let's wait and see. Too many bulls and bears trap around these days.

Uwaga

Ok. I am done for now. Time for a lunch.

Uwaga

Uwaga

Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.

cozzamara

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cozzamara

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