mycotoxin

Tripple Doji showdown on the way - break up or break down

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BITFINEX:BTCUSD   Bitcoin
Tripple Doji showdown on the way
Komen:
indicates a break up or break down
Komen:
But BTC knows Kung-Fu so expect the unexpected .
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11500 coming up shortly.
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nope looks more like a break out ,
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nope break down
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the dojis are doing their job
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but this drop is just to make the handle for the 17k run
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has to drop to make the shoulder/cup handle to go to 17k
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The dojis are not done yet
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They should drop to 11k
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3 black crows on the 15 minute candle signaling BTC is going lower to the 10 area
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doent look like a bull trap , BTC just has to drop a bit to get ready for 17k
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11228 should stop BTC dropping for a while
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mmmh blew right through that one ..
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Next stop 10700
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BTC being BTC will try to get back to 11228 , but the cup handle is lower so i suspect we need to see at least 10700
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I wouldnt trust that 11228 comeback
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because in 12 minutes the 4 hour candle will close and drop another red candle
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Candle # 2 coming up in 30 seconds
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This candle is doing a lot of damage
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I would only be concerned if BTC goes past 93xx as it has no business in this area at this time
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if BTC goes past 10700 it could go to 9.4k - but there is another stop at 10200
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its moving bit too fast for my liking
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Another red candle will be placed for the 30 minute candle in 10 minutes.
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New 30 min candle coming up in 30 seconds
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The main candle to watch is the 12 hour , its been well behaved so far , but a MACD cross on this candle can mean a big drop . Luckily it moves in 12 hour increments so it can reverse move back upwards in this time,

Komen:
This graphs is a day old but BTC could land here at 10700

Komen:
we may be done here as BTC hit close to 108xx - we can find out in 10 minutes when the 1 hour drops its next candle and BTC moves up instead of down
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Here comes the 1 hour candle in 30 seconds .
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im still bearish currently as the 4 hour candle drops in 4 hour increments and can another red candle again in 2 hours time when its time is up .

Also BTC could just be doing a resistance run to 1122x only to retrace backwards. Ideally seeing the MACDS on the 1 hour and 4 hour candle moving upwards will be a good sign , but currently they are pointing downwards
Komen:
Getting past 11300 will be a welcome sign .
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The 90 minute candle drops its next candle in 30 seconds.

Penafian

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