BitcoinAtualizado Bitcoin outlook
Current bitcoin advance is being capped by a confluence of fib levels, top end of triangle and the mid modified-pitchfork line drawn off 17/12 high ->22/12 lows -> 7/1 high. ATR coming to a very low level and range in RSI triangle narrowing heavily. A pull back to trend line made off 17th january lows? Or a break through current resistance into a retest of our other key resistance zone tested on the 20th.
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Topped at confluence of pitchfork mid point & .5 fib channelNota
Breaking thru that RSI trend line, currently testing s2. Next leg lower targets .618 retrace/prev support area 26/27thNota
S2 & .5 fib retrace acted as nice support. Now back to mid pitchfork level, 50 RSINota
Caught under the long term mid pitchfork line (dark blue) and supported by what was s2 and the .618 on the short term pitchfork. A look at the new pivot points :Nota
Down to trend line & S1Nota
30 min RSI still ranging between 30-50Nota
Slid through it and now at s2 & lower pitchfork levelNota
Think it's good to keep an eye across the board. Lots of other "major" cryptos at support levels. Nota
CRYPTO EXCHANGE BITFINEX, TETHER SAID TO GET SUBPOENAED BY CFTC.Thats gonna push us lower
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at the whole range .5 fib retrace (key level)Nota
Will we finally test this trend line?Nota
A look at new pivotsNota
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Key support area holding so farNota
At the pivotNota
Short termNota
Caught between these 2 pitchfork levels, hovering on key support.Nota
Shorter term pitchforkNota
We're at the trend line finally, and the .618 retrace off 15th september -> 17th december. (start of elliott waves)Nota
Combining exchanges to get a broader look at price (coinbase, bitfinex, bitstamp)Nota
the .5 level of the pitch fork worked nicely previously, lets see if it gives support in current sell offNota
At s3 and the bottom of the shorter term pitchforkNota
200 dma @$7805Nota
.618 of entire market range coming closeNota
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