Symmetrical triangle and consolidation break to up, with a good volume. The next probably movement is reach the 6900~ level.
The downtrend still continues.
評論
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6k level no break yet. Look this candles at h1 time frame, this hammer with good volume, is signal of absorption and is a first signal of a good pullback possibility. Take careful and good trades!
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評論
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6k region support break. Next support region: 5.5k area.
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New chart idea published; BTC false 6k breakout, pullback expected.
??? RSI on all time levels are over sold except day time.....You are talking about long term bear, I doubt BTC will go to 6K with in 7 days.
MrClock
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@JohnthanLittlewhirlwind, The RSI is in favor of the bulls.
But forget the RSI when there is a strong break as in the region of 6k.
UnknownUnicorn995432
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sorry but 6k support was already broken before you posted this last update
MrClock
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@doctorkesh, I do not consider spike as breaking an old support. The daily candle should close at least below 6k to consider a support break.
DIYIrrigation
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@MrClock, seems to be going according to plan. What do you anticipate what will happen after 6900 isch is reached? Down making new highs or a break upwards?
DIYIrrigation
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making new lows I mean...
MrClock
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@DIYIrrigation, That's a good question, but it appears that it will obey the downtrend in 6900~7000 region and continue to fall.
JohnnyBoy977
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The day the 60% shorts got rektd :D
MrClock
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@JohnthanLittlewhirlwind, Yeah xD
DIYIrrigation
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I agree that it is not done. Still the market has not capitulated. If it really breaks 6500 I believe it goes quickly.