Ammiiirrrrr

Ammiiirrrrr Updated 

after the correctional movement which is simple ABC, we expect price moves up to target (resistant shown on the chart). you can buy when short term trend line breaks.

Ammiiirrrrr Updated 

It could be a good opportunity for channel breakout. Go short selling with suitable trigger.

Ammiiirrrrr Updated 

price reaches historical resistance zone (140-150 $) and in the last step, buyers demonstrate weakness. Also we see divergence between price and MACD. there is high probability for price reduction unless price breaks resistance zone. use short term trend line for trigger to open short selling position.

Ammiiirrrrr Updated 

It seems bitcoin finished wave 5 and also, reacted well for its support (30,000 $). I think bitcoin can reach at least around 40,000 $ but major trend is bearish.

Ammiiirrrrr Updated 

It seems bitcoin finished wave 5 and also, reacted well for its support (30,000 $). I think bitcoin can reach at least around 40 ,000 $ but major trend is bearish .

Ammiiirrrrr

it is obvious sellers overcome buyers and the chart shows possible Elliot waves. go short if last short term trend line breaks down.

Ammiiirrrrr Updated 

channel breakout and pullback set an excellent opportunity for sell stop below resistant/support zone.

Ammiiirrrrr

This chart explains everything. There’s a high probability that previous downtrend continues.

Ammiiirrrrr Updated 

after powerful downside trend, price moves in the downside channel, but obviously, it indicates trend weakness. you must wait for channel breakout then go long.

Ammiiirrrrr

I check out 30 minutes time frame to seek more patterns and evidences. there is parallel channel and price touch upper line of channel coincide with AB=BC pattern at daily chart. You can use breakout of channel to trigger short sell position because it confirms probably the pattern at daily time frame is recognized correctly. another aggressive approach is to...

Ammiiirrrrr

first look at daily analysis and I see bearish Gartley pattern with approximately ideal ab=bc pattern. then I check out 30 minutes time frame to seek more patterns and evidences. please see 30 minutes chart at next analysis.

Ammiiirrrrr

the end of the correction coincide with upside trendline and the short term downside trend line broke. I think in bigger perspective, the target can go far away from what is shown in chart because it seems the correction in daily time frame must be finished.

Ammiiirrrrr Updated 

it seems the end of bullish correction and I expect the previous bearish trend continues. coincidence of channel and fork alerts where correction should be finished.

Ammiiirrrrr

price breaks correctional downside channel and now it is good Opportunity to go long.

Ammiiirrrrr

duo to divergence of price moving up and volume (on balance volume) going down, I expect price breaks down channel and it will be a good trade to sell. you can order sell stop at 32.90.