I expect a run to 16600$ then a huge drop. First possible support is at 11400$ (top of the red candle with giant shadows from 29.11.2017), next at 9000$ (bottom of the following green candle with giant shadows from 30.11.2017). If the downturn won't stop at any of these areas we may see even 8000$.
BTC has a huge bullish run, but correction will come sooner or later. Now RSI is overbought on 1D chart, I can also see a great possibility for trading H&S pattern. Good luck!
It seems that earlier uptrend line is the working resistance now. Possible reversal.
The market is near 2.618 fibo, which seems to be a strong resistance. If we break that level I see 9000$.
The market has dropped to crucial support level. Also RSI on 4H, 1H and 1D charts looks oversold. It is posibble to try catching the falling knife near 0.00057-0.00062 zone.
Healthy correction after rapid growth seems to be done. Market is near 0.382 fibo, also RSI on 4H and 1H looks oversold.
After breakout on high volume (positive sign) and failed bullish run I expect downward movement to previous downtrend line (which became support) and 0% fibo level. It should be a good place for going long.
You may try to buy near 0.00000017 with stop order below this level. Target is 0.00000040.
Flag pattern Keep track of price action at 57$ and 44$ levels.
We are at 38.2 long term fibo level, which is good place to buy. Target is "SELL" zone.
Spotted pennant pattern, which is considered as bullish sign.
ETH is forming higher highs and higher lows, which is bullish sign. However on 4H chart RSI appears to be bearish , forming lower lows and lower highs. Price is also near the last swing high level, which may indicate double top pattern (downward movement), if we don't break that level.
Bitcoin is overbought on 4h chart. Expecting downward movement to 50-38.2% fibo level.
Chance for short-term upward movement.