Bitcoin is holding that divergences on 10.500 level. Let's see how it plays is
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It seems to me that moves are getting bigger but could be just me allucinating. Anyway, before I dive into it let's revisit this:
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By watching at this it's moving between 10K and 11k and looks like it is going for the 10K. Let's see
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Just that you know I am bearish shortterm on BTC but bullish longterm.
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It just made a strong pullback on the 5 miunte candlestik. Must wait to see how it end this move.
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10.500K tested with RSI pointing upwords
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Little resistence there but should break
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Let's see if it can stay above this level
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It would need another small impulse to stay above...at 15sec double top at 10.500
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It may not make it
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But at least is trying hard
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It should get momentum going now
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could be the beginning of a 3rd wave 15sec timeframe...still a little resistence at 10.622
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C'mon it's really pushing hard to stay above but it risk of exausting itself and suddently dive again
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Above 10622 it should start building short term bullish momentum
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Sorry 10.610
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It looks like a small H&S running for a top
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Little resistence 10610 holding
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Ok, let's see and be patient. I have to absent myself for a bit.
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It broke! Excellent. See you in a bit
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Pushing for a shorterm top on or below 11K...let's see if it holds the momentum
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Resistence at 10.750. This is the point in which it previously dived
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Feeling it and correcting. If this correction is sideways it may be a forth.
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If this is correct it will use the 5th to break it. Otherwise here is were the move ends.
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Looks like double top on that 10.750
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10650 supported though
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it's trying to break it but looks exausted
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Untill it navigates between 10.750 and 10.650 (sideways) there is hope...but it it break you need to be alert and careful
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shorttime looks like that support will not hold
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But it may be a bears trap shortterm...be carefull...RSI 1min is going down big time and price not following
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Or at least following it very slowly and from a suspicious distance
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Could test the 10500 and jumps back up...don't know...we need to be patient and wait for opportunities
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10600 was a previous short term resistance
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Rule is 4th wave cannot go lower than 1st wave top
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Sort term It is sniffing that top. lol
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Be carefull because after that double top it dived again back to 10500 and that top at 10600 was breached shorterm
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It could keep going down but if it holds and resume could go for that double top again...but this is really fast trading and it is very dangerous.
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Volatility of BTC creates nice swings short-term but they are too dangerous to ride. However they provide good informations on how longer term will develop. So it is important to follow them and try to put them into context.
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This level is a 50% fibo retracement of previous move
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RSI really stretching down, price not following
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it's just stuck there at 10.500
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It looks it will break it but its holding...this may be a signal for attacking that double top again...we need to wait and see
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5sec chart indicatetes it will break it
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target 10438 but don't do it. just enjoy the moves.
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See. I was wrong. Never trust short term timeframes.
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It's attacking it again. Short-term bullish signal...and as Svebb rightly noted lows are getting higher
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Look at the snapshot I made yesterday of the 45minutes timeframe
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At this high we need to be carefull
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Sorry Svenbb, our hopes seems not will be fulfilled...at least for the moment
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This is the 15min chart. The 10min chart (dont have it on here) was indicating it would have gone down
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Still could hold your lows though. Let's see
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Look at the snapshot I made yesterday of the 45minutes timeframe
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target 10300
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holding at 10412
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breaking it
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must keep pushing
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getting close
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c'mon
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little divergence on RSI 30sec
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10340 stopped
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no it was just a pause
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10278
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I've got targets at 10240
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Be very carefull though
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It may stop or pause at first target 10300 reached
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ok let's wait
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see how fast it moves?
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Ok. It did what it had to do but now it reached 10300 and it is pulling back a little bit. We have to wait and be patient for the next move
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So far it is holding at 10300...let's see...but I need to go now for a bit...don't think I can follow it anymore
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Look how the RSI shoots up on the 10300 whilst price do not follow
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It follows it but with a different pace