Tripple Doji showdown on the way
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indicates a break up or break down
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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,
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This graphs is a day old but BTC could land here at 10700
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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
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
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Getting past 11300 will be a welcome sign .
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The 90 minute candle drops its next candle in 30 seconds.
The shorter time frames shows its turning around, 30min, 1HR but the longer frames 4hr, 12hr, Daily, show RSI high and MACD is high point down and no crossover yet. So maybe we are still moving further down till this turns around? On 2HR time frame the bottom touched the 50 EMA at $10,885... support level?
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I agree, the MACD on the longer time frame candles is pointing downwards - the 1 hour candle is dropping another candle in 30 seconds. Also BTC is refusing to cross the resistance lines
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