BTC bear trend continues, $5500 the new $6500

15 พ.ย. 2018

Like a lot of people, I thought BTC would test at least $8000 by now. Fact of the matter is we are still bearish. All the sideways action proved to be a losing battle for the Bulss. All the nay say'rs that we wouldn't go below $6000 got a dose or reality today. I for one have called it myself, just took longer to get there. Coinbase price is currently near $300 below Binance, Bitfinex and Cex.io. Resistance is currently $5640 on Coinbase and Binance is $5939 on the 15 minute chart. $5100 is the next critical support level with $6200 $6400 the next target area. I for one will not miss this opportunity.
What to you think?

15 พ.ย. 2018

บันทึกช่วยจำ

Bigger look.

15 พ.ย. 2018

บันทึกช่วยจำ

1H is reversing, target is 5450. Looks like more Bear pressure incoming.

15 พ.ย. 2018

บันทึกช่วยจำ

1H formed a Rising Wedge with the target of the break out nearly reached. Target is $5450. Take note of the 2 prior closing candle.

15 พ.ย. 2018

บันทึกช่วยจำ

15M look

15 พ.ย. 2018

บันทึกช่วยจำ

Target nearly reached. Rounding top forming on the 15M time frame.

16 พ.ย. 2018

บันทึกช่วยจำ

Broke support line and then some. Lower to come.