We may have reached my target 1 already -$11,000-11,200 next

7 thg 3, 2018

We may have reached my target 1 already. Look for break out of the orange channel as confirmation of uptrend to $11,000-11,200 range.

7 thg 3, 2018

Ghi chú

Bitcoin's price was following the path I laid out very nicely, until that sudden, unpredictable massive dump/crash. Unfortunately, these random events cannot be predicted with TA.
Likely caused by a Binance Hack and/or massive Whale(s) dumping/coordinated event.

trustnodes.com/2018/03/07/binance-temporarily-disables-withdrawals-reports-unauthorized-selling

bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet

8 thg 3, 2018

Ghi chú

At this point (4hr chart) Bitcoin has formed a Double Top and Double Bottom.
The price could break in either direction, so we have to wait and watch.
However, I'm leaning towards it breaking upward.
It has reached a crucial support at $9600. My next support level is $8900. BTC

8 thg 3, 2018

Ghi chú

A Double Bottom can also be seen (on $9600 support line) to have formed after today's flash crash (15min scale).
Again, price could go either direction at this formation, but I learn towards upward movement. #Bitcoin BTC

8 thg 3, 2018

Ghi chú

Bitcoin's price swung upward (which is the direction I was learning towards in my last call).
However, this current structure resembles a Bearish Flag, which could signal more downward movement. Let's observe if it will break below the yellow-line channel or not.

(Update, started breaking below while I was typing this)

8 thg 3, 2018

Ghi chú

Broke below just after I posted. My support range is between $9200 and $8800.

8 thg 3, 2018

Ghi chú