EnCrypto

EnCrypto

If price retraces to the 7960 level, a sell signal is activated with target reaching 1.5 times the high 50 MA crossed below 200 MA, made a low (blue line), retraced back between the 50 and 200 MA, broke previous low making new low at green trendline, and now if it retraces back to the previous high, it will probably just retest it and continue its way downwards to...

EnCrypto Updated 

Bitcoin is currently stepping into, and out of the blue channels. It formed a bearish flag and went up, only to form a bullish flag. This overall uptrend that we're in seems to be losing momentum. If you look at the volume in the 4h or daily, you can see that majority of the candles are red, even though we're in what seems to be an uptrend. On the daily, it...

EnCrypto

We are currently approaching the bottom of the rising wedge in purple. IF BTC manages to breakout BELOW the 7500-ish level, with HIGH VOLUME, that means a continuation to the downside is imminent. If this breakout happens, next target will be 6000. Also, note the crossing of the 50 MA and the 200 MA back in April, highlighted in red. This is a bearish sign....

EnCrypto Updated 

BITCOIN just broke down today below the rising purple trendline, and below the 50ma (in orange), and retested both. This could mean a further downward direction towards the support levels of T1, T2 and T3 levels shown on chart. The falling blue trendline, now acting as resistance, is drawn from the recent high of 5-5-2018 and the 17-12-2017 high. Good luck...

EnCrypto

I had said in my previous post that the trend channel that BITCOIN is inside doesn't seem that strong. It could breakdown anytime. But now bitcoin seems to be testing the bottom, twice, thus creating a double bottom at a key support from the bottom of the trendline. Looks like it's gonna head a little more on the upside, before the big fall comes out. I really...

EnCrypto Updated 

Bitcoin seems to be headed for a Head and Shoulders formation. Should the right shoulder emerge shortly, a reversal back to the downside will be the consequence, within a day, OR four days. In the case of four days, that would mean that the head and shoulders formation was obsolete and the price could get jacked up to the 13,400 level, and then continue downwards...