COINBASE:BTCUSD   Bitcoin / Dolar
COINBASE:BTCUSD             , is trending down steadily.

I have drawn a chart where BTC             can take support
Komen: 14300 now, 800 more to reach the target.
Komen: As our chart is based on Line and price close, support was nicely held last time.

I observe 2 things :

1) Price is testing the support again and again to check the strength.
2) As the fall was very steep, it will breakout soon. A breakout will change the sentiment towards positive.

snapshot
Komen: As our chart is based on Line and price close, we dnot consider the price extension in that particular timeframe.

Price closed well above the support and bounced back.
Komen: Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

snapshot
Komen: My view on the BTC/USD

snapshot
Komen: Look at the RSI, it is at the Oversold condition which can take the price to the upside.
Komen: Update :

A decent bounce from the demand zone

snapshot
Komen: We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.

snapshot
Channel : https://t.me/maheshchannel

For Paid membership: Please reach out : https://t.me/maheswar81. Thanks for your support.

should we be selling alts, then? thanks for the TA!
Balas
Is it good time to buy btc.. Or to wait for some dip
Balas
@cj0096, that was a nice support. One can buy it, who knows where it will go.
Balas
@cj0096, Start buying with small slots.. who knows the last point of dip.. :P
Balas
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