BTC/USD ready for the next leg up to $2283?

12 mai 2017

BTFD?

12 mai 2017

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Just providing a better shot of the red trendline, it has been somewhat of a magnet for price:

12 mai 2017

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in the midst of a nice dump...but still have not made new lows, as long as we don't, there will still be hidden bear div. If we do then we may need some cool down, well see.

12 mai 2017

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While the 2h hidden bear div was cancelled with that lower low, zooming out to the 4h we have a nice hidden bear div on rsi, and potentially MACD as well. The 1d MACD histogram is now on its way down, and RSI as well so the 1d picture is not looking great.

I think the question is can we get back over $1750 and hold it? If we can this uptrend can continue and that was yet another bear trap on the way up. If not we may need a healthy correction to the 14xx/15xx's. Stay tuned, the trend is up so I lean towards that for now.

12 mai 2017

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*zooming out to the 4h we have a nice hidden *bull div (excuse me)

13 mai 2017

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*If we lose the 50 MA here (seems to be happening as I post)...100 MA is next, and considering the bearish divergence on the weekly, I would say we will likely make it to the pink trendline (around $1450). Something to be aware of.

14 mai 2017

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The price flashed below the 50 AM for a bit but sprung right back up and it held as support. Price has reacted very well, and the 4h hidden bull div proved prescient. We are now breaking back into the channel and it looks like we'll test the red trendline.

Looks real bullish, if we continue on up we will prob cancel the bear div on the 1 week rsi which would make the $2283 real likely:

14 mai 2017

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First we had the smaller inverse h + s which is now serving as the head in a potentially bigger inverse h + S:
If support holds here...looking good.

15 mai 2017

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Buyers stepping in on the 50 MA on the 4h...let's see if we can hold it, losing that would be a bad sign, but looking good:

16 mai 2017

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Broke below the 50 MA on the 4h (at least for now) and the daily is looking pretty bearish, could not remain above the 1.618 extension at 1750, and RSI heading down:

Considering the bear div on the 1 week chart for RSI, things are starting to look like we will go back to test the pink trendline around $1450.

*If the price gets back above the 50 MA fairly quickly, then we may be okay. Those are my thoughts for now.

16 mai 2017

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Still flirting with the 50 MA...and now we have a triangle which once broken will likely set the trend for the week:

17 mai 2017

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Just broke the triangle to the upside:

Looking great.

24 mai 2017

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Target reached : )