https://twitter.com/MrJozza/status/929090358889336832
Traders are spooked by the hash power difficulty adjustment. Short term selling will be strong.
Traders are spooked by the hash power difficulty adjustment. Short term selling will be strong.
Twitter
MrJozza
$btc sells correlate to blocks. Spooked traders w/ hash pwr diverg.
Crypto Charters TA
Remember the “bright green line”? 4 days later and it’s breaking. We might retest it as resistence now, tho (6.7~6.8k). Support starts at 6.2k and peaks at 5.7k, then more at 4.3k. XBTUSD 4H BitMEX
6.6~6.7k (yellow) still being retested after the break, as predicted.
XBTUSD 30M BitMEX
XBTUSD 30M BitMEX
Crypto Charters TA
6.6~6.7k (yellow) still being retested after the break, as predicted. XBTUSD 30M BitMEX
Then down to 6.2~6.3k as first real support, as predicted. I’ve surprised myself with how well that went, follow the replies. Sorry for the phone screenshot. XBTUSD 30M BitMEX
Crypto Charters TA
Strong support starts now, lasts to the low 5000s and high 4000s. XBTUSD 4H BitMEX
A more granular & ample view of the volume profile. We’re “sitting” right at the most traded price range ever, next being 4.2~4.3k (you should really start to worry if that one breaks).
XBTUSD 4H MEX
XBTUSD 4H MEX
Crypto Charters TA
Hitting 50% fib/bottom of the cloud/Kinjun-Sen line - strong resistance. Expecting retest of 6420 (61.8% fib). XBTUSD 4H BitMEX
For some reason my fib tool was marked as “reverse”. Here’s the correct one, zoomed in. Doesn’t change the 50%, of course. Kinjun-Sen line is hidden behind 50%.
XBTUSD 4H BitMEX
XBTUSD 4H BitMEX
Crypto Charters TA
Hitting 50% fib/bottom of the cloud/Kinjun-Sen line - strong resistance. Expecting retest of 6420 (61.8% fib). XBTUSD 4H BitMEX
Broken
Edit: not really, still expecting 6420 retest
Edit: not really, still expecting 6420 retest
Crypto Charters TA
Hitting 50% fib/bottom of the cloud/Kinjun-Sen line - strong resistance. Expecting retest of 6420 (61.8% fib). XBTUSD 4H BitMEX
Just for the record: it happened.
Consolidating on 6.4~6.7k now.
XBTUSD 30M BitMEX
Consolidating on 6.4~6.7k now.
XBTUSD 30M BitMEX