Bitcoin - End of bearish waves in Sight?
Price moment is starting to stagnate to go down while weekly MACD is calling for a bullish run up. In this chart I charted bearish and bullish trendlines which all seem to point to first week of october where the bullish momentum will start to overtake the downtrend momentum and signaling a bottom. So far we have seen 2 downwaves and after this successive uprun that will follow in next few weeks till the end of first week of august (08-08-2018), after this run we will enter the final downtrend based on this chart and analysis bottoming around first week of october.
Price target for this uprun lies around 8300-8650 USD and will probably go down to 5420-6600 USD afterwards.
If you find my analysis useful or would like to discuss anything feel free to comment/like or have a look in my signature for more awsomeness :)
-TheTrex
Price target for this uprun lies around 8300-8650 USD and will probably go down to 5420-6600 USD afterwards.
If you find my analysis useful or would like to discuss anything feel free to comment/like or have a look in my signature for more awsomeness :)
-TheTrex
Dagangan aktif
Slowly we are nearing our 8300-8600 projected zone. At the moment on smaller TF bitcoin is overbought and I do see it making some swings before hitting the target in upcoming days.Dagangan aktif
We didnt manage to enter target zone above 8600, but I've you scaled in shorts on or main target area (8300-8600) you should be fine and in profits right now. I'm comparing current down trend to latest uptrend and also the previous fractal to 9929 USD. BTC already did a similar double top on MACD like previous downtrend. Current crucial support is 7233-7366 with potential retracement to 7500-7700 Nota
Not looking so good at the moment for bitcoins support, we tested sub 7000, might bounce but definitely expecting more down after this weak rally to 8300-8600Nota
Looks like 7 or 8 august is bottom/retesting lower trendline then followed by some retesting in 7xxx levels Dagangan aktif
Time & price target hit (8 agust/6100-6150), keep an eye at the 12H macd to cross up this would be the safest place to scalp a long. Resistance at 6600-6800, from prior distribution zone. We will be staying in this zone for a few days before more movement will occur. More down movement is expected longterm if we break below 5800-6000.Dagangan aktif
Nearing 7 October!
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.