BTC - Bulls Vs Bears (as always)

10 Tem 2018

Dear all,

Here is the current view on BTC that I am monitoring.

We really had a fight right now between Bullish and Bearish patterns.

Bulls:
- Inverse Head & Shoulders in formation (Target $7,900 area)
- Possible Diamond bottom

Bears:
- Downward break out of the falling wedge
- Trend line rejection on the Daily at key $6,800 level
- RSI too high to have another significant rally
- Could end up in a future descending triangle along resistance line


On my side I entered long at $6,350 with tight stop loss, and I'm looking at $6,180 and a possible option for the top of the Right Shoulder.
Below that we are likely to retest the $5,800 area or even lower.


All the Best from the Crypto Space
Alteroc

10 Tem 2018

İşlem aktif

Also watching this formation:

12 Tem 2018

Not

Touched the support of bottom diamond and now left shoulder equals right.
If we bounce from here I'm still long. If not my short target is $5,800 and $5,400 to begin with.

12 Tem 2018

Not

Nice bullish div on the 1h TF

12 Tem 2018

Not

12 Tem 2018

Not

Interesting falling wedge on 1H with support on RSI

15 Tem 2018

Not

Following perfectly the expected diamond bottom so far

16 Tem 2018

Not

BTC looking good thos past 2 days.

Diamond bottom almost completed, inv H&S taking shape:

17 Tem 2018

Not

RSI is off the charts on the 4h and now the daily is printing a bearish divergence.

Looking to reenter long at those areas: