What are you about BTC?

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Whe you look at the big picture of BTC chart you may see a descending triangle that lasts for almost 5 months now. Long period for crypto where most of investors are young and unpatient.


The big chart also shows descending STOCH, and falling RSI which is currently at ~35. I don't like what I see and it makes me feel BTC is not going to stop where it is now meaning it will fall below the triange. BUT. Thats what most people think now. And when masses start thinking the same (panic!) the market does the opposite. So the King may suprise us and bounce again. And that is where we zoom into 4H chart and see a little bit more positive picture. AT least Tripple CCI proves that we touched another local bottom. If that bounce will bring BTC fast and furious above 7500 again we may expect it to continue growing upwards. In the end nobody said it wil be easy.

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ملاحظة

TEsting lower support line at 7050-7100. Don't think it will hold the price. So we might see it falling towards 6500-6600

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ملاحظة

Wow. What a fall what a tradegy. 6800 barely hold it.

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ملاحظة

History shown that after BTC falls that low with RSI on 1D chart below 30 the uptrend follows. History doesn't stress out that the uptrend should be big or small but we may expect it soon. God I hope it will happen at last as this shortening tradition of fall-step-fall got for too long. People! Stop shortening BTC. You will all gain much more from it rising. Otherwise we will all end up with 5000 rate and no bright future in 2018.