The recent breakout from the consolidation pattern has resulted in a sharp rally. However, the rally may start to fade and the upside could be capped below $6000 broken major support(major broken descending triangle floor) which should turn to resistance, in addition to the 52-week simple moving average. A good area to look for the downtrend to resume for new lows below $3,000.
This is just a possibility, always do your own due diligence when trading. Best Technician
So my original idea from January 4, 2019 at which many people rolled their eyes and commented "oh no, never ever" was probably right!
Today it looks like this. We will see...
FreemanIT
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pkb6698
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I think the CME expiration date has a major impact on BTC's trend transition.
mojtabaivi
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As 2017's bull run, you are shorting very soon.
BTCINVESTING
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thx. just for info ...
MRudy
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The rally actually stopped at the Monthly 21 EMA, which bitcoin bounced on for a good portion of 2018 before dumping from it in November. Another thing to point out, is that the RSI on the Daily time-frame is crazy high. I could see another smaller rally from here creating a higher high on the price, which will guarantee a lower high on the RSI, creating a bearish divergence. The 21 Monthly EMA as resistance, plus a potential Bearish divergence on the Daily could cause a dump.
IRCSAS
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I'm sure we're going down and in the next 2-3 months, we'll have at least 30% down, and my goal point is 3400-3500
only thing i believe is MA and EMA, now see 1D 200MA and 1W 26EMA , this points are pull back points and these points always work
Today it looks like this. We will see...