BTC - Watch out!

16 May 2018

R = Reversal
C = Confirmation

This chart is based on Heikin-Ashi candlestick-analysis and a longterm pitchfork for finding support levels.
Possible outcomes:
- reversal at median ($7900)
- bottoming out at $5300
- bottoming out at $4000(/$3000)

Everything below $3000 should be considered very dangerous.

7 Haz 2018

Not

R - Reversal
C - Confirmation
F - Failed

Didn't get rejected from basis of BB and have confirmation from current daily candle. Breaking 8k could be considered tricky.

Targets: 8,3k and 9k
Invalidation of current bull scenario is under 7k.

11 Haz 2018

Not

Comment from above failed.

29 Haz 2018

Not

5k is imminent at this point imo. Watch out for potential support zones!

Another thing: I overlayed the 2014/2015 fractal. Might be interesting or worth nothing. Let's see.

16 Tem 2018

Not

Big move about to happen -> three reversal candles in a row!

You can see possible targets in the chart above.

24 Tem 2018

Not

Target hit. No signs of reversal yet. Retest of upper dark red trend line at lower 9k possible.

7 Ağu 2018

Not

Reversal candle developed last week. Working on confirmation of bearish continuation, but we will have to wait until this sunday to get a clear confirmation.

Bearish indicators:
- RSI developed clear bearish divergence
- price bounced off of base line of BB
- weak support at 7k resistance

Future price?
- bounce off of orange line (somewhere in the 5k region)
-> if this is not holding up, sub 5k is imminent.

13 Ağu 2018

Not

We got confirmation of bearish continuation yesterday.

Targets are 6k and 5k

21 Ağu 2018

Not

Current 6k level is a huge log resistance. There is currently no reversal candle in the making and I personally think that it's just a matter of time until 6k breaks. Levels to look for: 5,5k and 5k.

27 Ağu 2018

Not

6k didn't break! Got reversal candle yesterday and now working on confirmation. We'll know more in a few days.

28 Ağu 2018

Not

Great reversal so far! Let's wait till Sunday for a clear confirmation.

2 Eyl 2018

Not

I don't trust the reversal. We only had one bottom on the Bollinger Bands which isn't enough for a full reversal imo. Additionally, BTC touched the midline (BB) and is nearing a bearish div on the RSI. We could get some short term relief but the overall trend remains bearish. I'm still looking at 6k and 5.3k for possible support zones.

10 Eyl 2018

Not

Good thing to don't trust. Got reversal candle yesterday and working on confirmation this week.

19 Eyl 2018

Not

Confirmation is their and we saw a 6k low. BTC is really struggling to break through 6k. You could consider this a bullish sign, but I remain bearish until I see some price action.

10 Eki 2018

Not

Four reversal candles in a row and Bollinger Bands are tightening. Prepare for a big(-ish) move in the next weeks. I'm not sure about the direction. It feels kind of bullish because there is a chance of bouncing off of the orange line. Breaking through it opens the gate for 5k though.

9 Nis 2019

Not

I think we've done it boys and girls. The chart worked out pretty well and I think the bottom is in.