TradingView
cozzamara
24 янв 2018 г., 13:23

Bitcoin: Nice attacks from Bulls but Bears resisting 

Bitcoin / United States DollarCoinbase

Описание

Bitcoin: If you followed my presious chronicles here is where we are. Be carefull and alert. We may have see the bottom signifying the end of a correcting cycle but doesn't mean it cannot be retested if bears manage to hammer bulls down from next high. Or maybe that resistence is already the next high. I don't know.

Комментарий

Комментарий

RSI look already gone

Комментарий

Hope that upper channel support

Комментарий

There is a lot of congestion just below that resistence

Комментарий

Always be aware in which timefrime price provide signals. It's important to get the timing right for understanding when you will have to pull the trigger. lol

Комментарий

Комментарий

5min divergence with RSI when approaching that resistence

Комментарий

May go for the lower band of the upper channel from that high

Комментарий

After the divergence it is looking for support

Комментарий

10.200 looks supported

Комментарий

Let's wait and see. Be patient

Комментарий

Комментарий

Комментарий

Just be carefull

Комментарий

Комментарий

RSI is shooting and price is not following stopped by that resistence

Комментарий

It may present us a nice scenario but we need to wait and be alert.

Комментарий

Let's look at the 15min chart...

Комментарий

Same as before...the attack is still ongoing

Комментарий

Комментарий

Комментарий

Комментарий

look at RSI

Комментарий

may that be a support for a little push? I don't know

Комментарий

Комментарий

the 11.400 strong resistence is very close

Комментарий

Комментарий

RSI is not high enaugh yet

Комментарий

Where are the volumes?

Комментарий

Pushed back

Комментарий

Let's see if supported somewhere

Комментарий

Комментарий

It's preparing it's next move

Комментарий

Let's look where we are in the 30min chart

Комментарий

Комментарий

1min chart volume increasing

Комментарий

be patient

Комментарий

Let's see 30 min chart

Комментарий

Are those volumes enough to make it go higher for a little bit? I don't know

Комментарий

Комментарий

Bulls have not won yet

Комментарий

Let's see for a retest. Let's see

Комментарий

Комментарий

I don't like it. It shuold have gone much higher with that move

Комментарий

Maybe we need to wait for more volumes to accumulate? I don't know

Комментарий

This is due to strong bearish pressure

Комментарий

Комментарий

Where are the volumes in the 60 min charts?

Комментарий

Комментарий

back to the 5min chart

Комментарий

little divergence with RSI

Комментарий

Let's see if with the help of moving averages we can get more clues.

Комментарий

Комментарий

Judging by the moving avarages 100SMA and 200SM we have a nice golden gross meaning the trand long term has changed but in my view we it still need a low to conferm this possible new trend

Комментарий

This is why it very important to be carefull.

Комментарий

Ok...remember my post on the golden cross?

Комментарий

That signal was found in a 15minute chart

Комментарий

That signal originated a little upper channel remember?

Комментарий

That helped the price to get where it is now

Комментарий

Now we discover another golden cross made by longer SMAs

Комментарий

Комментарий

I don't know but if that 10400K resist and price 11.000 we may see a move confirming that bigger channel. I don't know. Just an idea. What is yours?

Комментарий

Sorry, if 11400 resist and 11000 do not support

Комментарий

So far 11200K supporting

Комментарий

Комментарий

Комментарий

Комментарий

Bearish pressure represented by the two SMA coming down and stopping bulls run

Комментарий

If you look at the last 10 candles this is Elliot Wave

Комментарий

3motvie, 2 corrective up to the SMAs...and then the correction

Комментарий

We need to focus more

Комментарий

After hitting those SMAs price corrected 50% fib of previous candle

Комментарий

sorry "retraced"

Комментарий

Its holding there waiting for a move...its' quite at the moment

Комментарий

Комментарий

Divergence with RSI on 1min chart but only becomes effective if RSI cross the 50 and the cross of the green SMA...bulls may try another attempt there but carefull could make a triple top

Комментарий

Anyway it's a divergence on a dinamic bullish support

Комментарий

But on such a low timeframe need to cross the SMA for the upside to get momentum

Комментарий

Комментарий

The divergence was not confirmed

Комментарий

And priced dipped a little bit

Комментарий

Sorry but platform stopped working for a while

Комментарий

Комментарий

I wrote that 11K would have been a nice support but platform stopped working. never mind...

Комментарий

Комментарий

Комментарий

This has just been published by Goldbug1...let's see his view which sure will spread some light on what is going on...let's read it

Комментарий

Ok...I am done for the day. I need to read this and make these concepts mine. Always be carefull and alert and follow professional traders. Not amateur like me. Thank you

Заявка отменена

Сделка активна

Комментарий

No. Its not trading acrive. I just noted how it developed here. Is that a re-test?

Комментарий

Ok let's wait and see. Too many bulls and bears trap around these days.

Комментарий

Ok. I am done for now. Time for a lunch.

Комментарий

Комментарий

Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.
Комментарии
cozzamara
severt
You say "This is due to strong bearish pressure". But when look in GDAX there's almost no one selling. It seems to me it's just a volume issue.
cozzamara
@severt, Hi thank you for following. What do you mean? Could you please clarify? Thank you. Your view is much appreciated.
cozzamara
@severt, The bearish pressure comes from the big downtrend we are in
cozzamara
@severt, price is resurrecting from 9K
cozzamara
@severt, it made an higher low which is a good start
cozzamara
@cozzamara, and now may try to follow that upper channel...who knows...just a guess...that 11400 is proving to be a solid resistence. I don't know we have to wait if bulls find support before the 11K and see if try again. Don't think so but a triple top cannot be exluded on that resistence. We need to wait
ilkayozcelik
at last we are gong 12393 :)
cozzamara
@ilkayozcelik, Hi, sorry I noted you only now. I was concentrated on understanding what is going on
cozzamara
@ilkayozcelik, Yes but bulls have been stopped again
Ещё