The descending trendline resistance and the inverse head-and-shoulders neckline are shown to converge at $11,640 by Saturday.
A high volume break (UTC lose) above $11,640 would signal long-term bull market revival and could open up towards $17,000-$17,400.
A high volume break (UTC lose) above $11,640 would signal long-term bull market revival and could open up towards $17,000-$17,400.
Bearish scenario I: BTC drops below $9,280
BTC could drop to point D ($6,659), as indicated by the bat pattern (harmonic pattern), if yesterday's inverted bearish hammer candle on the downward sloping 50-day moving average is followed by a break below $9,324.75 (Feb. 25 low), today or in the next few days.
As per rules, the leg BC could go as high as $11,502 - 88.6 percent Fibonacci retracement of leg AB. Only a move above $11,502 would invalidate the bat pattern.
Note that point D is a "bullish reversal" according to bat pattern rules, meaning BTC will likely witness a sharp rebound from $6,659.
BTC could drop to point D ($6,659), as indicated by the bat pattern (harmonic pattern), if yesterday's inverted bearish hammer candle on the downward sloping 50-day moving average is followed by a break below $9,324.75 (Feb. 25 low), today or in the next few days.
As per rules, the leg BC could go as high as $11,502 - 88.6 percent Fibonacci retracement of leg AB. Only a move above $11,502 would invalidate the bat pattern.
Note that point D is a "bullish reversal" according to bat pattern rules, meaning BTC will likely witness a sharp rebound from $6,659.
Bearish scenario II
Another possibility is that BTC moves above $11,502, but faces rejection at the confluence of inverse head-and-shoulders neckline resistance and descending trendline resistance
Failure to take out the confluence of resistance at $11,640, followed by a quick drop below $9280.4, could yield a sell-off to $6,000 (February low).
Another possibility is that BTC moves above $11,502, but faces rejection at the confluence of inverse head-and-shoulders neckline resistance and descending trendline resistance
Failure to take out the confluence of resistance at $11,640, followed by a quick drop below $9280.4, could yield a sell-off to $6,000 (February low).
CryptoBullet
#QRL Buy zone = 0.000118-124 Sell midterm = 132-140-155 Sell midterm = 165-174-200-220-250
QRL hit 0.000185
Profit: +54%
Congratulations to those who followed the signal!
Profit: +54%
Congratulations to those who followed the signal!
Bittrex - Binance Signal
#STRAT
Buy zone = 670-680
Sell midterm = 720-750-780-820-850-880-920
Sell by mid-end of March = 1000-1100-1200-1300-1400
Stop loss = 650
#STRAT
Buy zone = 670-680
Sell midterm = 720-750-780-820-850-880-920
Sell by mid-end of March = 1000-1100-1200-1300-1400
Stop loss = 650
BURST (Bittrex)
Buy price: 0.00000350-0.00000380
Take-profit: +20%
Hardfork at 15th of March. MACD and MA confirms an upward movement. Strong buy!
Buy price: 0.00000350-0.00000380
Take-profit: +20%
Hardfork at 15th of March. MACD and MA confirms an upward movement. Strong buy!
CryptoBullet
BQX (Binance) Buy price: 0.000360-0.000380 Take-profit: +20% MA and MACD confirms the upward movement on the 1D chart. Strong buy!
BQX reached 0.000450 on Binance
Profit: +21%
Congratulations to those who followed the signal.
Profit: +21%
Congratulations to those who followed the signal.
PART (Bittrex)
Buy price: 0.00230-0.00250
Take-profit: +20%
New website in March!
Beta marketplace in March!
Technical analysis
Buy price: 0.00230-0.00250
Take-profit: +20%
New website in March!
Beta marketplace in March!
Technical analysis