Bitcoin 19 Hour Free fall coming to an end??
Updated
I am slightly bearish on Bitcoin at the moment. But I don't think its FULL bears ahead. a couple things I notice on my TA of the 1hour chart for Bittrex. Keep in mind these levels will very by exchange slightly.
1. The 1 hour candle just fell through the ichimoku cloud (bearish signal)
2. My blue line, just for simplicity sake is my Bull line. My Orange line (Bear Line) is running parallel to the bull line. If they cross too = Bear signal (which I think it might).
3. Potential Good news for bulls who did not take profit, we are about to test a Fib (which on Bittrex is $10,124) That happen over the weekend as well and we ended up going up $1500 (pretty nice profit if you were on that)
Just my TA not advice for trading, DO YOUR own research, and DON"T believe the hype.
1. The 1 hour candle just fell through the ichimoku cloud (bearish signal)
2. My blue line, just for simplicity sake is my Bull line. My Orange line (Bear Line) is running parallel to the bull line. If they cross too = Bear signal (which I think it might).
3. Potential Good news for bulls who did not take profit, we are about to test a Fib (which on Bittrex is $10,124) That happen over the weekend as well and we ended up going up $1500 (pretty nice profit if you were on that)
Just my TA not advice for trading, DO YOUR own research, and DON"T believe the hype.
Note
17:15 UTC You can't see it on my chart but it is using the 200 EMA as support right now. If it breaks support, it will test the FIB level also.Note
It fell through the 200EMA next support is $10,124, will it hold???Note
Note
Next Hour candle will test the Green2/1 Gann Fan from previous low, could bounce a little, I'm still only slightly bearish until we fall through the $10,124 Fib I am holding my USD, until I am confident we have found a bottom to this drop.Note
By the way, touching the $10241 would complete a double bottom, and we know how double bottoms end right??Note
I smell $10,241, possibly blood in the water. :)Note
Sorry, I smell $10,124 :) dyslexia taking overTrade active
Stop loss @ $10,080Profit Target: $12,141
Hoping 3 days or less
coinigy.com/s/i/5a8e05b2209c5/
Trade closed manually
Back to USD for me, I need a better confirmation on this drop, this is actually looking like a Bear Flag.Trade active
On at $10,679Target 1- $10,900
Trade closed: target reached
Took Profit at $10,979Note
I'll be looking for bounce againNote
If we bounce at 10199 again and go back up, slightly good sign. If we go below that we could be looking at $9500Note
Crucial candle here that will close in 20min. Depending on Close we could be looking at $9424Note
I think disaster has been averted right now headed back up, update coming soonNote
I still am bearish, we could get a good bounce around $9500.This has all been my TA, do not buy or sell based on what you have read from me.
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