BTC Analysis Mashup: loosing momentum... may need some rest

in #bitcoin6 years ago

mycotoxin is seeing some pattern suggesting the run to 7500 should follow,
https://www.tradingview.com/chart/BTCUSD/oGKhJwJm-BTC-Bump-and-Run-reversal-to-7500-then-onto-the-downside/

which is one of the possibilities VaidoVeek posted yesterday.
https://www.tradingview.com/chart/BTCUSD/tz2GFmoq-BITCOIN-Important-Areas-For-Traders/

But I'm not really sure about this... the momentum seems to have been lost. I can imagine a previous situation repeating (see the chart), with the price dipping down to the top of the Ichimoku cloud before continuing. BTW, that green line forming the upper limit of the green cloud is called Leading (or Senkou) Span A, the red one is the Senkou B (on top when the cloud is red... you get the idea).

Screenshot from 2018-08-29 09-38-42.png

I would wait to see what happens around 7150 or so. I'm seeing no conviction to go up.

Please, if you happen to visit any of the cited sources, consider at least giving them a like!

You can also support me by up-voting... or even try WCX using my referral: https://wcex.com/sale?ref=vsfFwlTX
You got nothing to loose, and you could be trading with such low fees!

WARNING! trading is a very risky thing! Don't take this as an investment advise: it is likely to be wrong and you will probably lose money if you take this seriously. If you do lose money, don't blame me or anybody else commenting, because in the end is your choice.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 70153.57
ETH 3783.62
USDT 1.00
SBD 3.72