1D $BTC painting a 'no man's land' outlook

21 thg 5, 2018

1D BTC update painting a 'no man's land' outlook. Why?

1. TK bearish cross, but prices have held steady in the clouds. Prices are consolidating here and that's GOOD instead of falling below the cloud.
2. 1D Stoch. RSI shows promising outlook.
3. Until we break above the cloud, 9k-ish, and TK cross bullish, stay away. I would.

21 thg 5, 2018

Ghi chú

4H BTC is likely to continue sideway action.

$8500-ish has now become the new support area .

There's a TK -0.74% bullish cross on the 4H. I am positive that prices should remain steady and hopefully starts heading North towards the next resistance (see chart).

The stochastic RSI is pointing down and I believe if it resets, we will find good support at $8500-ish.

22 thg 5, 2018

Ghi chú

$8500 was such a weak support due to the lack of volume.

Support found at $8200.

A bull flag is forming. I am still positive for short term.

22 thg 5, 2018

Ghi chú

Some people are calling that it will go down to 7800-ish. I, however, don't see it coming (yet).

23 thg 5, 2018

Ghi chú

Okay.. now i am convinced that it has fallen. That's my last support. If the BULLS do not wake up, there's no more decent support anymore and we fall down to 6XXX!