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The_Cannalyst
6 Th07 2016 07:49

Supports and Resists! Giá lên

Bitcoin / U.S. dollarBitstamp

Mô tả

Let the Chart speak....

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We have seen a break of the shortterm uptrend tonight. The first supports turned into resists!

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a new green "2" is born - like exspected

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last resistance is 610$! below that i exspect a little selloff to 560$/ 540$. Prices below 540 would be catastrophal

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Now rebounds till the regions of the fibos 636/6944/652 are thinkable. (minimal/normal/maximal correction) for me 644 could be a nice turnaround level - this was the last valid green 22". Prices below 610 will perhaps cause a little selloff

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only prices above the central pivot resistance @ 680 will brighten the chart and open the way to the top @ 780

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ultrashorttermview (blue count) : prices below 625 will accelerate the bearish momentum
below 610$ the next downwave could be initiated with flag tp @ 596-600

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follow-up: BTCUSD: Shortterm H&S?
The yesterday mentioned "last supportzone @ 610" could be defended. The temporarily broken support @ 625 turned again into a supportlevel. The strong selloff to 610 was bought two times, a double bottom appeared at that Niveau. The double-bottom-move catapulted btc to it`s normal correction Niveau at 644 (fibo 0,5)
Now this Niveau (644) is central! This Niveau is corresponding to a possible neckline of the potential H&S in the 15min Chart.
As Long as we trade below that Level, especially below 636, a new sellingwave can be exspected with TPs: 625 / 610. Prices abobe the neckline could indicate a shortterm longsignal with tps: 652/660. All my thoughts and illustrations of yesterday are still valid.
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omeezy
think this is among one of the more accurate charts, vnice work.
A7med_MegoO
the chart is speaking now hhhhhhhh
i think the price will go down to 580 or more
Ichimoku_Trader
Has it spoken yet?
The_Cannalyst
hmmm....let`s see if the bearish shortterm flag also will be triggered... if yes, a new low @ 625 could be on the Agenda
Ichimoku_Trader
Thank you HL
The_Cannalyst
thats really crazy
Ichimoku_Trader
;)
The_Cannalyst
perhaps we saw the trendbreak today.. but there is not really a selling pressure...which would be typical for a break
The_Cannalyst
For me, the 680! is still crucial for the further behaviour..the highlighted mangenta rectangle seems to be neutral
leaving this rectancle will cause new impulses
The_Cannalyst
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