BTC forming Tweezer tops?

2 thg 9, 2018

On a 4 hour chart we can see Bulls losing steem. First a dragonfly doji candlestick formed which represents big amount of bearishness. Few hours later a Tweezer tops formation can be seen. If BTC closes like that, we could see another fall to the new lower lows (5400-5700) as third Elliot downtrend wave will start forming (usually the nastiest one).

Other indicators are RSI where we can see lower highs and MACD where bearish divergency started forming.

We would need to see huge rally to 7600-7700 range to start changing market trend, but at this very moment that seems far away.

What do you think?

2 thg 9, 2018

Ghi chú

I forgot to mention w can see Rising wedge also forming which is another bearish indicator.

2 thg 9, 2018

Ghi chú

Guys sorry if price shows range cca 7 $, recently I have problems with tradeview -.-

Here is screenshot:
prnt.sc/kpq7a4

3 thg 9, 2018

Ghi chú

3 thg 9, 2018

Ghi chú

Market seems soooo resistant, but a lot of bearish signs are incoming. Also, big Tether transaction did not help the retracement. Time will tell.

3 thg 9, 2018

Ghi chú

Big resistance on 5 min chart

4 thg 9, 2018

Ghi chú

In the next 8 hours we will see HUGE movement on BTC. It just keeps trying and is rejected all the time.

For me there are two possibilities:
1. Whales go in and create immense short squeeze
2. Bully finally stop trying - candles say so. In the last 2 days they tried sooo much but did not succeed. Another bearish candles spotted - the ast two. Bulls tried and got rejected + bears try, got rejected BUT this time bulls did not even try (the order of candles concerns me)

Im so excited.

4 thg 9, 2018

Ghi chú

Mentioned short squeeze might also be bull trap, except if it is not another 1000 candle haha