Quote from: TGD on Today at 10:16:19 AM

Quote from: exstasie on Today at 10:01:07 AM

Glad to see more analysts around these parts, but where are the charts!? Wink

Quote from: F_Societys on August 28, 2020, 11:27:01 AM

Resistance 11455 Break it and close the candle for at least 4 hours. The next target is 11800
Support 11145 breakout and close at least a 4-hour candle below it. The next target is 10830 and in the long run 10400

Examine in terms of patterns and classical technical analysis
In my opinion, if 11145 breaks out, there is a possibility of forming a head and shoulder pattern, which will be in the range of 10300 in the medium term.

There is likely to be a death intersection in the 4-hour timeframe, which means a moving average of 50 breaks the average of 200, and this will be a sign of decline.

Selling dried up, daily candle closed above $11,500. Does this invalidate the mid-term expectation of $10,300? Or is it your view that we are currently forming the right shoulder of a bearish H&S?

Anecdotally, bearish H&S setups seem to fail more often than not on BTC.

It is invalid for now since it breaks 11550$ barrier but in the long term using daily chart, It still possible to dip below 11k around the OP Price mention because BTC is moving an uptrend channel and need to touch that price before it can break out again outside the channel. I believe we can see BTC bounce back again to 11750$ until this sunday then correct again on the following week. Scalping this price action will give tons of profit.

We don't have solid grounds to say that we can see a big pumps and break again to`12,000 level so I really expect that we will experience some dip maybe at 11,000 as you said so its really best to wait and scalp to earn some profits for this good movements happening right now but I'm still not taking out the possibilities that we will experience a long pump although this is quite not possible for now.