Two possible routes for Bitcoin

27 thg 4, 2018

Route 1: double top at 9700

Route 2: new high (probably break 10000) and sideway for a few days then crash (the bar pattern on the right are the rally after Bitcoin broke log-chart triangle in 2014.

So short-term still bullish until 9700. I don't think it will go higher than 10600.

28 thg 4, 2018

Ghi chú

The second top is much lower than I expected. Now it is moving to 8700-8800 level to find support.

28 thg 4, 2018

Ghi chú

This could also be a preparation for 10k pump if you read it as a huge bull flag on day chart. The decreasing of red volume makes it looks like a bear trap. Anyway, still need to wait more to confirm.

28 thg 4, 2018

Ghi chú

Although it breaks to the upward, the huge selling pressure keeps it below 9300. This is not a trading zone.