BTCUSD needs to move up from trendline

26 jul 2017

If BTCUSD stays too long near the trendline, then orders will be filled up making it easier to go below 2,500.

If Bitcoin can move up and away from it, it has to reenter the supply zone near 2,600. If it goes above it, then the broken blue line will become its resistance.

26 jul 2017

Nota

Bitcoin just broke down from the trendline support. Next target is 2400.

26 jul 2017

Nota

Just an idea.

Bitcoin could be forming a double bottom. If the bottom doesn't form, next stop is near 2,300 level.

26 jul 2017

Nota

RSI and averages points down so it could move back to 2500. In this zone, buyers and sellers must decide if price goes up or down.

If it goes down, it could reach 2400 and retest the previous bottom.
If it goes up, it will challenge the resistance at 2,540

26 jul 2017

Nota

26 jul 2017

Nota

Looks like bitcoin is forming a continuation pattern going down.

2390 is the next target. Lower target is 2240.

26 jul 2017

Nota

I'm seeing a bullish divergence in RSI.

Unfilled orders on the 2,400 levels are high, thus, it would be difficult to go below it.

26 jul 2017

Nota

Don't let that candlestick have a long wick. Pls let it break.

26 jul 2017

Nota

Huge 223 BTC wall up ahead at 2,500

26 jul 2017

Nota

Bitcoin needs rest.

Could accumulate around 2450 - 2470 levels before going up again

26 jul 2017

Nota

let's break 2,500 first. 3rd time's the charm, right?

26 jul 2017

Nota

let's aim small first. go for 2,500

26 jul 2017

Nota

Eat that wall at 2490. Previously, the wall was at 200 BTC, now it is at 90 BTC.

26 jul 2017

Nota

Wall is gone! 2500 and up here we come.

26 jul 2017

Nota

2540 is next

26 jul 2017

Nota

On a higher timeframe, we need to break the yellow downtrend line to get to 2580.

26 jul 2017

Nota

A dump just happened. Retracing back to 0.618 area

26 jul 2017

Nota

If bitcoin stays within the channel, then uptrend momentum is safe.
But if it goes down, then expect to go lower than 2,400.

26 jul 2017

Nota

Just like in basketball, it's bad to stay long in one area. Bitcoin needs to go up from it or else there will be more lows to come.

For now, let's see how the price reacts.

26 jul 2017

Nota

Going up to 2520

26 jul 2017

Nota

Please breach above 2520! Then we're going to 2544 next.

If not, it could retrace back to 2500.

26 jul 2017

Nota

Stay above 2520. If it does, uptrend swing will continue.

If it goes below, then it would be difficult to go up again.

26 jul 2017

Nota

Bitcoin just reached near top of the channel. It could be profit taking time or nah.

27 jul 2017

Nota

BTC broke out from the downtrend line. We just need to get away from this zone below 2,500 or it could spell trouble.