BarclayJames

Potential Bearish Bitcoin Scenario

BITTREX:BTCUSDT   Bitcoin / Tether
Looks like the price is being rejected at the descending resistance. This happened before and led to a move downwards followed by a sideways break of the resistance. This could see us move to the top of the channel. Failure here would see us retest 6000 and ultimately lower if a bounce does not happen.

Note: This scenario depends on price closing below the downward resistance. I have already cashed out my trading position today.
Bình luận: BREAKOUT
Bình luận: ... or fake breakout?
Bình luận: BTC is stuck in a rising wedge and facing a lot of resistance. I'd say wait before buying :)
if it breaksout well okay, if it falls then look for a bounce on the pitchfork lines

Bình luận: more indications that this is fake breakout
Bình luận: We're testing that heavy resistance zone again. It's possible we will break out. I'v been expecting it at some point, but I don't think this means the correction if over.
reverse head and shoulders if we break 9k neckline.

Phản hồi
BarclayJames Mikelikescrypto
@Mikelikescrypto, definitely possible. There are a lot of mixed signals. The reason I'm not expecting a breakout is the heavy resistance and imo the alts look like they're about to go down again.
+1 Phản hồi
I think well hit 9.5k and bounce maybe to 8.6k, and or goto 10k bounce to 9.5 or 8.6k, then on to 11.5-12.5k Bounce to 10k or break to 13.8k after 13.8k a big break and won't return... So it will range for a week probably.
Phản hồi
BarclayJames Mikelikescrypto
@Mikelikescrypto, Yes, I see a lot of potential for trades here :)
Phản hồi
5k imho
Phản hồi
@qdoc, Could be. I'm leaning towards this idea too. I think we need some strong upward momentum and the rising support lines at 5k would do.
Phản hồi
qdoc BarclayJames
@BarclayJames, see what happens bro...
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Sàng lọc cổ phiếu Bộ lọc Forex Screener Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất