BTC tick tock tick tock

20 oct 2017

Analysis from prior chart is manifesting perfectly. We saw a fakeout break of trend and a bounce to find stability right above again. Price approached set downtrend as shown in red line and is currently being denied. We could consolidate for a bit right under the trend which would also be building support above the 1hr cloud. Ideally I would stay out at these levels right now, there is way too much emotions and instability going around as well as fading sentiment. Ideally I would like to see more signs of confirmations to get a good idea of where we will be heading to. If we break the downtrend, expect the market to give you a good retracement to hop on, no need to fear on missing out.

20 oct 2017

Nota

BTC has consolidated right under as expected and has broke out. I would be looking for a 50% fib retrace here for a possible buy and a test of support maybe on the broken downtrend. It is really hard to say still, but whatever you decide, position your buys according to liquidity and STOP LOSS yourself.

21 oct 2017

Nota

Downtrend broken. Possible two scenarios, both will likely test 5900 and liquidate all buyers above 6k, one can possibly go upwards to 6500.