Dangerously! Bear's Formation part 2
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In the previous idea of June 30th, I assumed that before we have not local turnaround, but a bear formation, in which from 6500 we must return to the 5850 and maybe upgrade the minimum. However, the price has arrived in a different way, but within the limits of the bear formation.
At the moment, the trend line is broken, which indicates the weakness of the buyers. Next I see 2 scenarios:
1. The price goes to the zone 6600-6800 - and thence to 5850-6000
2. The price immediately returns to the incoming channel and goes to 5850-6000
With this bear formation, there are exceptions when the price push up. However, only after another test 5850-6000.
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At the moment, the trend line is broken, which indicates the weakness of the buyers. Next I see 2 scenarios:
1. The price goes to the zone 6600-6800 - and thence to 5850-6000
2. The price immediately returns to the incoming channel and goes to 5850-6000
With this bear formation, there are exceptions when the price push up. However, only after another test 5850-6000.
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Nota
Do you know what will be happen if bitcoin shoots up to 6900-6950?)))
I hope the big bears know this and will not allow it. Tired to fall.
Nota
go ahead to the first target
Nota
left the channel and tested it. I am waiting for a fight in the price zone 6300-6400
Nota
Sellers could not get out of the consolidation zone. Now the initiative is taken by buyers. To fall it is necessary that buyers do not fix above 6600-6640. Maybe it's the last growth before the fall
Nota
war for the lower trend of the channel
Nota
You have a weak nervous system and you want to train it? Bitcoin`s consolidation will definately help you!
Nota
The fall is not what should be after a long consolidation. Buyers do not give up. A triangle formed. If today the seller will not beat this triangle - tomorrow the attack will start buyers.
Nota
Yesterday, sellers could not squeeze the price down and 30 minutes before the closing of the daylight candle buyers began their attack. Today is closed a weekly candle. If buyers go through the price zone 6650-6800 and squeeze 6900 - I think the sellers' stops will work, at which price will fly up to 7100. Let's see how strong sellers are.
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Nota
Attempt buyers to go beyond consolidation failed. Sellers reliably hold the price and show their dominance (for 3 candles of growth there is enough one candle of falling). The zone of consolidation narrowed to 6690-6770. I expect the bitcoin to drop to the bottom of the channel to 6600. Next, we need to look at the reaction of buyers.
Nota
We went to the bottom of the canal. if we beat it down - the targets have long been specified.
Nota
Hello all followers and passed by! I updated the channel of the bitcoin movement. Now it looks perfect. It is the upper limit, the lower boundary and the middle of the channel.
Yesterday, the daytime candle closed with the prospect of falling. Therefore, the main scenario for me is punching the channel and dropping to $ 6,000. From there it is possible to rollback, however, I think the fall should continue and I expect to see $ 5500
There is a second scenario - this is to continue consolidation at the bottom of the blue channel. in the range of 6300-6700 $. This will reduce the likelihood of a fall and increase the likelihood of continued amazing trade in a narrow range of prices.
Nota
Hello everybody! We worked out the second target on this idea. Now buyers are trying to change the situation. It is big probability that the zone is $ 6300-6400 will be tested by the price. This is a strong zone that sellers must keep if falling should continue. Also in this zone we are testing the broken blue channel and the upper trend line of the new black canal that was formed.
For the second scenario the price will not go above 6250 and will start to fall down.
Zone 6080-6160 has a lot of liquidity. I doubt that sellers will easily pass it. Further, the price will accelerate to 5900. This is the last 3 target of this idea.
Nota
consolidation within the channel...
Nota
Buyers are trying to go through the price zone of 6300-6400,. The falling channel was broken. I'm waiting to close the 12-hour candle to make the final conclusion. While buyers do not brake the zone 6300-6400 - talk about growth early.Today also a weekly candle is closed. From closing it will depend on whether we will continue to fall.
Nota
Bitcoin did not reach target 3 in the zone 5750-5900. By brike the price range of 6300-6400 we are testing 6600-6800. This is a critical zone from which we either update the minimum, or will be local growth.
It's too early to talk about the global turnaround of the market, so whoever has not bought bitcoin and oter coin for the long-term will still have such a possibility.
Many see a head and shoulders. Visually similar. But the volumes do not fit. I like to call it a broad consolidation of 5750 to 6800.
So far, small volumes - we will be in this consolidation ... Summer ...
Nota
Hello everyone! after breaking the bitcoin $ 6800 at high volumes, the price went to test the next price zone 7300-7500 and the trend line of the triangle, which we beat. if the 12-hour candle closes as it now has a great chance to roll back to 6800. If not - that's why all this large volume - these are the stop of shorts, and all the efforts were to sell expensive bitcoin before falling.
Nota
as long as we continue to move in the blue channel. If the movement up must be strong. then the correction should not be lower than 7000Nota
Consolidation near the upper trend line of the blue channel, on which the price moves a month already. Yesterday, sellers tried to lower the price below, against $ 7,245 is all they succeeded. If sellers can not sell the price below - we are undoubtedly waiting for 7900 and 8300 $. While it's the maximum growth I believe in.
Nota
Nota
hello dear! 2.5% consolidation of BTC between pricing zones 7300-7350 and 7450-7500 $. The first attack on buyers was aggressive. Second attack at a smaller angle and smaller volumes. Therefore, there is a greater chance of a correction of up to $ 7,000. It will be interesting if the price goes up to $ 6800. There will be a real war)
How do you get a global BTC idea ?:
Nota
bad buyer`s attack.
Nota
My weekend is delayed) BTC moves further in the blue channel. the last candles are in high volume, but the price is not osiotively moving upwards. after punctuation 6800 there was no normal correction. By all means, buyers try to raise the price of BTC. On this growth of BTC other coins either remain in place or fall. However, with a slight drop of BTC other coins are significantly lower. We need to be careful..
Nota
BTC broke through the blue channel in which one month was traded. We are approaching the black trend line of the triangle that hit in June and the price range 8100-8400. If sellers can not keep this zone - target 9900.
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