BTC TO SEE DROPS TO THE 6,250$ AND 6,850$ LEVELS NEXT!
BTC INTRA-DAY BREAKDOWN - 14/10/19
WHAT HAS OCCURRED SINCE OUR LAST XBT (BITMEX) INTRA-DAY BREAKDOWN ?
1. Expect a rejection to 10,080$, whereby I anticipate that support will be found.
2. Thereafter, bullish price action will take charge once again to 10300$ to meet EMA resistance.
3. A break of 10,300$ will indicate that we are heading towards major supply/resistance zone of 10487-10522$.
4. Thereafter, I anticipate the bears to take back charge at this level, but as we know Bitmex manipulation is real as it gets, so do not be quick to pull the short trigger at this level as we may see bullish price action continue to wick to 10750$ to meet descending trend line resistance.
5. Once the rejection occurs, thereafter, the safest of you should wait for confirmation fo 10,080$ being broken before shorting to 9600$.
6. A break of FINAL SUPPORT at 9600$ will indicate bearish activity to 9018$ and 8,800$ respectively!
BEAUTY!!!!!!!
REVIEW :
- Once again, everything stated on our last breakdown was to the point and now we will review this trading pair to see what could be the next move!
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
WHAT CAN BE SEEN ON THE DAILY CHART FOR BTC?
- We can see on our daily price chart for BTC (finex) that after creating highs of 8,800$, which was predicted on our telegram channel, price had plummeted towards what was previous resistance at 8250$. We can see that on the daily EMA resistance is at just below 8,800$ and this will be very difficult to break in essence. In addition to this, we can see that our fan structure is working its magic once again following the break of the last fan support at 9,600$, we predicted that the next supporting levels on the ascending fan structure was around 8,000$ and this support is shown on the blue ascending trend line on our price chart. Following a break of this support at 7800$ (the ascending nature means that this has been upgraded from 7600$ and will probably equate to around 7,700$ on BITMEX) then we will see a flash crash to 7176$ and 6,854$ respectively! A break of 6,850$ will lead to our next major downside supporting target of 6250$ but in the long run I don’t think this will be the price by which we will see bullish/bull run activity begin from once again. In fact, we see this bearish activity continuing to a minimum of around 4,400$ if final trenches of support are broken at 7600-7800$ as explained above. The next supporting fan structure lays at 4,400$. If this level is also negated and the bears are strong enough, the impossible (not really impossible but it will come as a shock to a lot of people) will occur with supports being found at 2,200$ after a break of 3,300$!
WHAT CAN WE SEE ON THE 4 HOURLY CHART FOR XBT ?
- Looking at our price chart on the 4 hourly for BTC we can see that EMA resistance is currently just at 8,800$ on the 4 hourly chart with MA’s currently being used as support. There is a good chance that we retest highs of 8,500$ before bearish activity resumes once again.
WHAT CAN WE SEE ON THE 1 HOURLY CHARTS FOR XBT ?
- Looking at our price chart on the 1 hourly chart for BTC we can see that EMA resistance is currently at 8350$, so it will take quite a lot for the bulls to break this to the upside and if they do then we head to 8500$ whereby the next major zone of resistance is at. Moreover, we can see that MA’s on the hourly are currently being used as resistance. None the less, there is a higher chance of 8200$ being tested and wicks to the downside being filled.
TO CONCLUDE:
1. Bullish price action is capped to 8,800$.
2. A break of 7600$ will lead to a flash crash to 7176$ on BITFINEX and a break of this then leads to 6,854$, which we are certain will be met. Now if 6,854$ support is broken, which we do expect it to do so, then we melt to 6,250$ as a final frontier of support.
3. In the case that 6,250$ is broken, and essentially this is extremely likely because we broke major supporting fan structure at 7,600$ and this essentially will lead to the next support fan structure at 4,400$ - The next supporting fan structure lays at 4,400$. If this level is also negated and the bears are strong enough, the impossible (not really impossible but it will come as a shock to a lot of people) will occur with supports being found at 2,200$ after a break of 3,300$!
4. In the short term, price increases to 8500-8600$ will not be unusual and should be expected before bearish action resumes and this may occur after support being found at 8100-8150$ price levels.
ENJOY AND I SHALL GIVE REALTIME ENTRY CALLS THROUGH THE WHOLE JOURNEY TO PRIORITY MEMBERS!
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
WHAT HAS OCCURRED SINCE OUR LAST XBT (BITMEX) INTRA-DAY BREAKDOWN ?
1. Expect a rejection to 10,080$, whereby I anticipate that support will be found.
2. Thereafter, bullish price action will take charge once again to 10300$ to meet EMA resistance.
3. A break of 10,300$ will indicate that we are heading towards major supply/resistance zone of 10487-10522$.
4. Thereafter, I anticipate the bears to take back charge at this level, but as we know Bitmex manipulation is real as it gets, so do not be quick to pull the short trigger at this level as we may see bullish price action continue to wick to 10750$ to meet descending trend line resistance.
5. Once the rejection occurs, thereafter, the safest of you should wait for confirmation fo 10,080$ being broken before shorting to 9600$.
6. A break of FINAL SUPPORT at 9600$ will indicate bearish activity to 9018$ and 8,800$ respectively!
BEAUTY!!!!!!!
REVIEW :
- Once again, everything stated on our last breakdown was to the point and now we will review this trading pair to see what could be the next move!
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
WHAT CAN BE SEEN ON THE DAILY CHART FOR BTC?
- We can see on our daily price chart for BTC (finex) that after creating highs of 8,800$, which was predicted on our telegram channel, price had plummeted towards what was previous resistance at 8250$. We can see that on the daily EMA resistance is at just below 8,800$ and this will be very difficult to break in essence. In addition to this, we can see that our fan structure is working its magic once again following the break of the last fan support at 9,600$, we predicted that the next supporting levels on the ascending fan structure was around 8,000$ and this support is shown on the blue ascending trend line on our price chart. Following a break of this support at 7800$ (the ascending nature means that this has been upgraded from 7600$ and will probably equate to around 7,700$ on BITMEX) then we will see a flash crash to 7176$ and 6,854$ respectively! A break of 6,850$ will lead to our next major downside supporting target of 6250$ but in the long run I don’t think this will be the price by which we will see bullish/bull run activity begin from once again. In fact, we see this bearish activity continuing to a minimum of around 4,400$ if final trenches of support are broken at 7600-7800$ as explained above. The next supporting fan structure lays at 4,400$. If this level is also negated and the bears are strong enough, the impossible (not really impossible but it will come as a shock to a lot of people) will occur with supports being found at 2,200$ after a break of 3,300$!
WHAT CAN WE SEE ON THE 4 HOURLY CHART FOR XBT ?
- Looking at our price chart on the 4 hourly for BTC we can see that EMA resistance is currently just at 8,800$ on the 4 hourly chart with MA’s currently being used as support. There is a good chance that we retest highs of 8,500$ before bearish activity resumes once again.
WHAT CAN WE SEE ON THE 1 HOURLY CHARTS FOR XBT ?
- Looking at our price chart on the 1 hourly chart for BTC we can see that EMA resistance is currently at 8350$, so it will take quite a lot for the bulls to break this to the upside and if they do then we head to 8500$ whereby the next major zone of resistance is at. Moreover, we can see that MA’s on the hourly are currently being used as resistance. None the less, there is a higher chance of 8200$ being tested and wicks to the downside being filled.
TO CONCLUDE:
1. Bullish price action is capped to 8,800$.
2. A break of 7600$ will lead to a flash crash to 7176$ on BITFINEX and a break of this then leads to 6,854$, which we are certain will be met. Now if 6,854$ support is broken, which we do expect it to do so, then we melt to 6,250$ as a final frontier of support.
3. In the case that 6,250$ is broken, and essentially this is extremely likely because we broke major supporting fan structure at 7,600$ and this essentially will lead to the next support fan structure at 4,400$ - The next supporting fan structure lays at 4,400$. If this level is also negated and the bears are strong enough, the impossible (not really impossible but it will come as a shock to a lot of people) will occur with supports being found at 2,200$ after a break of 3,300$!
4. In the short term, price increases to 8500-8600$ will not be unusual and should be expected before bearish action resumes and this may occur after support being found at 8100-8150$ price levels.
ENJOY AND I SHALL GIVE REALTIME ENTRY CALLS THROUGH THE WHOLE JOURNEY TO PRIORITY MEMBERS!
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
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