Bitcoin is now retesting the high from September 2017. (YELLOW dotted line)
Volume also roughly matches that of sept. 2017.
If retest fails it's back to 4200 or lower
If successful, 5500 - 6000$ area is next (PURPLE dotted lines)
Volume also roughly matches that of sept. 2017.
If retest fails it's back to 4200 or lower
If successful, 5500 - 6000$ area is next (PURPLE dotted lines)
הערה:
reached first purple line ..next days will be interesting and important for for how we will continue the coming months
הערה:
Even through al the FUD about Bitfinex/Tether etc. BTC stayed within that Yellow - purple / 5000-6000$ range.
Volume is picking up too ever so slightly .. chance of dumping again (4200 or worse) is getting slim ..
Volume is picking up too ever so slightly .. chance of dumping again (4200 or worse) is getting slim ..
הערה:
Still at it .. now keeps retesting the upper boundary of that area (6000$)
about 3 attempts failed so far (hourly chart) 2 times bounced up again already
now going for fourth attempt.
It's forming a nice ascending triangle .. nice possibility for entry / swing trade ..
so if fourth attempt fails but keeps inside triangle ..
in at 6000 out at 6120 or stock up at 6000 .. or buy hamburgers instead
about 3 attempts failed so far (hourly chart) 2 times bounced up again already
now going for fourth attempt.
It's forming a nice ascending triangle .. nice possibility for entry / swing trade ..
so if fourth attempt fails but keeps inside triangle ..
in at 6000 out at 6120 or stock up at 6000 .. or buy hamburgers instead
הערה:
prices are Bitfinex btw. so other exchanges should be about 5630 and 5775
also the ascending triangle looks a bit different on those (could be interpreted as upchannel) ..
The "Premium" of Bitfinex is getting increasingly annoying ...
also the ascending triangle looks a bit different on those (could be interpreted as upchannel) ..
The "Premium" of Bitfinex is getting increasingly annoying ...
and now retesting October 2017 lows and close to November 12th 2017 retrace