Bitcoin: If you followed my presious chronicles here is where we are. Be carefull and alert. We may have see the bottom signifying the end of a correcting cycle but doesn't mean it cannot be retested if bears manage to hammer bulls down from next high. Or maybe that resistence is already the next high. I don't know.
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RSI look already gone註釋
Hope that upper channel support註釋
There is a lot of congestion just below that resistence註釋
Always be aware in which timefrime price provide signals. It's important to get the timing right for understanding when you will have to pull the trigger. lol註釋
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5min divergence with RSI when approaching that resistence註釋
May go for the lower band of the upper channel from that high註釋
After the divergence it is looking for support註釋
10.200 looks supported註釋
Let's wait and see. Be patient註釋
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Just be carefull註釋
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RSI is shooting and price is not following stopped by that resistence註釋
It may present us a nice scenario but we need to wait and be alert.註釋
Let's look at the 15min chart...註釋
Same as before...the attack is still ongoing註釋
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look at RSI註釋
may that be a support for a little push? I don't know註釋
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the 11.400 strong resistence is very close註釋
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RSI is not high enaugh yet註釋
Where are the volumes?註釋
Pushed back註釋
Let's see if supported somewhere註釋
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It's preparing it's next move註釋
Let's look where we are in the 30min chart註釋
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1min chart volume increasing註釋
be patient註釋
Let's see 30 min chart註釋
Are those volumes enough to make it go higher for a little bit? I don't know註釋
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Bulls have not won yet註釋
Let's see for a retest. Let's see註釋
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I don't like it. It shuold have gone much higher with that move註釋
Maybe we need to wait for more volumes to accumulate? I don't know註釋
This is due to strong bearish pressure註釋
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Where are the volumes in the 60 min charts?註釋
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back to the 5min chart註釋
little divergence with RSI註釋
Let's see if with the help of moving averages we can get more clues.註釋
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Judging by the moving avarages 100SMA and 200SM we have a nice golden gross meaning the trand long term has changed but in my view we it still need a low to conferm this possible new trend註釋
This is why it very important to be carefull.註釋
Ok...remember my post on the golden cross?註釋
That signal was found in a 15minute chart註釋
That signal originated a little upper channel remember?註釋
That helped the price to get where it is now註釋
Now we discover another golden cross made by longer SMAs註釋
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I don't know but if that 10400K resist and price 11.000 we may see a move confirming that bigger channel. I don't know. Just an idea. What is yours?註釋
Sorry, if 11400 resist and 11000 do not support註釋
So far 11200K supporting註釋
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Bearish pressure represented by the two SMA coming down and stopping bulls run註釋
If you look at the last 10 candles this is Elliot Wave註釋
3motvie, 2 corrective up to the SMAs...and then the correction註釋
We need to focus more註釋
After hitting those SMAs price corrected 50% fib of previous candle註釋
sorry "retraced"註釋
Its holding there waiting for a move...its' quite at the moment註釋
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Divergence with RSI on 1min chart but only becomes effective if RSI cross the 50 and the cross of the green SMA...bulls may try another attempt there but carefull could make a triple top註釋
Anyway it's a divergence on a dinamic bullish support註釋
But on such a low timeframe need to cross the SMA for the upside to get momentum註釋
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The divergence was not confirmed註釋
And priced dipped a little bit註釋
Sorry but platform stopped working for a while註釋
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I wrote that 11K would have been a nice support but platform stopped working. never mind...註釋
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This has just been published by Goldbug1...let's see his view which sure will spread some light on what is going on...let's read it註釋
Ok...I am done for the day. I need to read this and make these concepts mine. Always be carefull and alert and follow professional traders. Not amateur like me. Thank you取消訂單
交易進行
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No. Its not trading acrive. I just noted how it developed here. Is that a re-test?註釋
Ok let's wait and see. Too many bulls and bears trap around these days.註釋
Ok. I am done for now. Time for a lunch.註釋
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Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.
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