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Price has taken out the recent bullish trend line which points to a higher likelihood of retesting the area minor support. From a broader perspective, all this market is doing is establishing another consolidation which is a normal part of the bottoming process. As we always remind our followers, tops and bottoms take time to develop.
It is important to understand the following. Yes, it hates you, every single one of you. And it tries to destroy you, wherever it can. When you're long, it dumps. When you're short, it pumps. Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do. Today I keep updating for all you about Bitcoin as many time we did before and keep all target with my surely about BTC in numerous last time Elliot analysis Just click LIKE for a few second and it is the best way for support author!
Okay, not thing to say too much because I make update every day and I will keep Title says it all - we'll see how it shakes out. Sure but even if it does we don't think it holds. As described, we are repeating july senario - expecting us to retest lows.
Please see supporting chart. A flash flush last night taking most everything down a notch was marked by a loss of the 4 hour uptrend on BTC. I honestly am surprised the bulls held up so long after their failed bull break attempt.
Now we are back to consolidation on the daily for most names, and bulls need to be cautious trying to buy dips. The reason being, we are just looking for weekly BTC And bears take the lead!! Here is the weekly chart for Bitcoin. With these indicators you can have a longer term perspective of what is happening and can also avoid panic: Hey guys E55 here, With this post I would like to tell you that I am back.
Almost everyone thought my predictions were crazy and impossible. Now after a long break, you have the result of my ideas. In the long run, I was right and nobody can change that. You can look forward to ideas from me in the coming time. I wish you all a nice day: A few long term Thank you for your feedback! What are OTC stocks? Can I buy them through my online brokerage account?
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The format of the symbology for the daily expiring futures:
LG Optimus G 8. The 50 DMA orange line needs to hold as this is the last support.