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.
Komentarz:
Komentarz:
RSI look already gone
Komentarz:
Hope that upper channel support
Komentarz:
There is a lot of congestion just below that resistence
Komentarz:
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
Komentarz:
Komentarz:
5min divergence with RSI when approaching that resistence
Komentarz:
May go for the lower band of the upper channel from that high
Komentarz:
After the divergence it is looking for support
Komentarz:
10.200 looks supported
Komentarz:
Let's wait and see. Be patient
Komentarz:
Komentarz:
Komentarz:
Just be carefull
Komentarz:
Komentarz:
RSI is shooting and price is not following stopped by that resistence
Komentarz:
It may present us a nice scenario but we need to wait and be alert.
Komentarz:
Let's look at the 15min chart...
Komentarz:
Same as before...the attack is still ongoing
Komentarz:
Komentarz:
Komentarz:
Komentarz:
look at RSI
Komentarz:
may that be a support for a little push? I don't know
Komentarz:
Komentarz:
the 11.400 strong resistence is very close
Komentarz:
Komentarz:
RSI is not high enaugh yet
Komentarz:
Where are the volumes?
Komentarz:
Pushed back
Komentarz:
Let's see if supported somewhere
Komentarz:
Komentarz:
It's preparing it's next move
Komentarz:
Let's look where we are in the 30min chart
Komentarz:
Komentarz:
1min chart volume increasing
Komentarz:
be patient
Komentarz:
Let's see 30 min chart
Komentarz:
Are those volumes enough to make it go higher for a little bit? I don't know
Komentarz:
Komentarz:
Bulls have not won yet
Komentarz:
Let's see for a retest. Let's see
Komentarz:
Komentarz:
I don't like it. It shuold have gone much higher with that move
Komentarz:
Maybe we need to wait for more volumes to accumulate? I don't know
Komentarz:
This is due to strong bearish pressure
Komentarz:
Komentarz:
Where are the volumes in the 60 min charts?
Komentarz:
Komentarz:
back to the 5min chart
Komentarz:
little divergence with RSI
Komentarz:
Let's see if with the help of moving averages we can get more clues.
Komentarz:
Komentarz:
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
Komentarz:
This is why it very important to be carefull.
Komentarz:
Ok...remember my post on the golden cross?
Komentarz:
That signal was found in a 15minute chart
Komentarz:
That signal originated a little upper channel remember?
Komentarz:
That helped the price to get where it is now
Komentarz:
Now we discover another golden cross made by longer SMAs
Komentarz:
Komentarz:
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?
Komentarz:
Sorry, if 11400 resist and 11000 do not support
Komentarz:
So far 11200K supporting
Komentarz:
Komentarz:
Komentarz:
Komentarz:
Bearish pressure represented by the two SMA coming down and stopping bulls run
Komentarz:
If you look at the last 10 candles this is Elliot Wave
Komentarz:
3motvie, 2 corrective up to the SMAs...and then the correction
Komentarz:
We need to focus more
Komentarz:
After hitting those SMAs price corrected 50% fib of previous candle
Komentarz:
sorry "retraced"
Komentarz:
Its holding there waiting for a move...its' quite at the moment
Komentarz:
Komentarz:
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
Komentarz:
Anyway it's a divergence on a dinamic bullish support
Komentarz:
But on such a low timeframe need to cross the SMA for the upside to get momentum
Komentarz:
Komentarz:
The divergence was not confirmed
Komentarz:
And priced dipped a little bit
Komentarz:
Sorry but platform stopped working for a while
Komentarz:
Komentarz:
I wrote that 11K would have been a nice support but platform stopped working. never mind...
Komentarz:
Komentarz:
Komentarz:
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
Komentarz:
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
Anulowano zlecenie
Zlecenie aktywne
Komentarz:
No. Its not trading acrive. I just noted how it developed here. Is that a re-test?
Komentarz:
Ok let's wait and see. Too many bulls and bears trap around these days.
Komentarz:
Ok. I am done for now. Time for a lunch.
Komentarz:
Komentarz:
Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.