It's up in the air

ravness (32)in #bitcoin • 7 years ago

https://cryptoravness.wordpress.com/2018/03/19/its-up-in-the-air/
It’s been a while, been looking at charts casually as the discord debates whether or not It’s bullish or bearish.

https://www.cnbc.com/2018/03/19/kevin-oleary-new-york-city-hotel-hopes-to-launch-400-million-dollar-coin-offering.html

Coin: Bitcoin/USD

Timeframe: 4 hour

Verdict: Slightly Bullish (Overall Potentially Bearish)

Reasoning: One of the reason why I say its slightly bullish due to it breaking out of its falling wedge. I was at work I was telling everyone that it won’t break 8.2k, or at least have a strong resistance there – it went 8.4k, so I’m feeling rather confident about it. Now I’m seeing a potential Bullflag so the price of 8.6k isn’t out of the question. Probably won’t hold my breath for a potential 9k area, but that’s just my opinion. Since we’re still in a downtrend overall, we can still see prices go down. Read below for my reasoning
https://www.tradingview.com/x/YEkBVZhA/

Timeframe: 24 Hours

Verdict: More of the same, Bear on the 24 hour until we break out

Reasoning: So if your “Bull” I give possible prices on what the price might be, and its around $9 – 9.4k. Of course if it does go that way, it’ll break out of the 24 hr Downtrend I’ll give it another week for the price to play around. Support Levels at 7.2k and Strong support at 6k
https://www.tradingview.com/x/YfHTDQSd/

https://www.tradingview.com/x/KfJ9gfnk/

Based on the TD indicator, it’s been on the Red 9 so going to the 13th, we should’ve went up by now on the 24 hour.