I do not take what I said, despite bitcoin breaking down to the lower boundary of the ascending channel. HOWEVER, there was a VIOLENT BOUNCE upwards, and BTC will continue to head towards the top of the ascending channel. Channel labeled in teal.
Most of the charting here for bitcoin are crap. I bet many who charts BTC DO NOT actually trade bitcoin. They have no sense of market behaviour of this wonderful crypto based on previous trades. Anyway, I am extremely bullish on bitcoin. Short term target $19k based off pole height. Intermediate target $30k to the upper boundary of the parabola. South Koreans...
Break the yellow zone for correction to be over. Absolutely critical zone. Falling wedge continues
It is no trade zone for me. Price movement extremely choppy, it's been head and shoulders after head and shoulders. I would not open a long position until a clear pattern emerges on 4H chart, and indicators turn bullish on 1 day chart. Don't trade and get REKT by the volatility. Stay put and WATCH THE CHART.
BTC corrective wave targets. Target around 8800-10000
Two key levels - 1 day MACD bullish cross AND crossing above Tenkan Sen. These are two key levels for opening margin LONGs.
If it breaks out, #Moon time.
This may not be popular but, a giant H&S for #Bitcoin $BTC. Corrective wave not over yet
$BTC closed above 1 day Tenkan Sen. Very strong bullish reversal signal. #Bitcoin
$BTC broke out of consolidation. #MOON
BCH has hit top. WIll probably crashing down.