We may have reached my target 1 already. Look for break out of the orange channel as confirmation of uptrend to $11,000-11,200 range.
הערה
Bitcoin's price was following the path I laid out very nicely, until that sudden, unpredictable massive dump/crash. Unfortunately, these random events cannot be predicted with TA. Likely caused by a Binance Hack and/or massive Whale(s) dumping/coordinated event.
trustnodes.com/2018/03/07/binance-temporarily-disables-withdrawals-reports-unauthorized-selling
bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet
הערה
At this point (4hr chart) Bitcoin has formed a Double Top and Double Bottom.The price could break in either direction, so we have to wait and watch.
However, I'm leaning towards it breaking upward.
It has reached a crucial support at $9600. My next support level is $8900. BTC
הערה
A Double Bottom can also be seen (on $9600 support line) to have formed after today's flash crash (15min scale).Again, price could go either direction at this formation, but I learn towards upward movement. #Bitcoin
BTCהערה
Bitcoin's price swung upward (which is the direction I was learning towards in my last call). However, this current structure resembles a Bearish Flag, which could signal more downward movement. Let's observe if it will break below the yellow-line channel or not.
(Update, started breaking below while I was typing this)
הערה
Broke below just after I posted. My support range is between $9200 and $8800.הערה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.