Even though we have the blue trend line broken, you can still check it very clear on this chart that 11830 is a valid resistance on daily chart! Pls b noticed , on daily chart, not 4h chart or 1h chart. This position also happens to be a fibo 382 retracement. I still insist that a retest of 6k is possible. Trade with stop loss . Good luck ! Less is more!
thank you lot for shear ur idea @FUNTRADER-Vera ^^
i follow u and im happy for that :)
im still waiting BTC to hit again 6K even if it dosent it will not change my mind that ur the best ^^
AlphonsoElliottJr.
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I second that! If today closes bearish, it will retest $6000 or even back to the bottom channel.
luckyhelper
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@AlphonsoElliottJr., right now, it is still in its sideways movement with no direction.
xtort
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@AlphonsoElliottJr., Yes BTC will be 0.0001 $ within a month.
rodrigopacini
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@xtort, im waiting to buy bitcoin at 1 cent, strong resistance there...
EspressoDopio
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@AlphonsoElliottJr., You'll be able to buy a BTC for one satoshi.
Gloshawk
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Someone said the 'whales' trade using log scales in their charts (I dont konw if that is true, maybe someone can comment). Someone also said log scale charts give a better view when you are looking at larger time scales (I dont konw if that is true, maybe someone can comment), and someone else said log charts are helful when you are looking at rapidly moving prices (I also dont konw if that is true, maybe someone can comment).
However if you change from linar to log scale and draw the top down trendline you will see that bitcoin is still under the down trend line (on this scale). You will also see that as it touched the lod down trendline it reacted as if it hit a wall, and the retrace started immediatly from $11,683. This was also the exact point at which the collar of the head and shoulder touched and also a fib retracement line.
I sure no one expect BCT to go to $5000 without tradeable bouces along the way. I wish I could predict those?
SilverStar_Trading
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Not only possible...It will happen and deeper. Dont kid yourselves, we are still in a down trend
Sherem
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Glad we are calling for the same thing, been seeing people call out this "inverse H&S" pattern, and all I see is them forcing a bs pattern. Thanks for the calls Vera.
On my page I also called out the ETH and LTC tops on other posts
i follow u and im happy for that :)
im still waiting BTC to hit again 6K even if it dosent it will not change my mind that ur the best ^^