With a bearish engulfing confirming reversal on the daily and a pull back to theT.L confirming a lower low and a possible shooting star formation the 4hr is looking promising for a drop down to 88.327 in between the 38% and 50% retracment and above a previous demand zone for a safer exit. After a shooting star on the 4hr and forming lower highs and lower lows ...
Bearish BAT pattern is setting up in a well established downtrend. At BAT completion, many fibs levels are lining up defining a nice kill zone.
Hello all, as we approach the official news release of the Silk Road auction price has moved into an interesting location. As was mentioned previously, the move through $610 over the weekend has registered a wide double bottom off the 38.2% Fib level off the higher time frame charts. This bodes well for BTC over the longer term, however, when we drill down to...