Following is my old blog, I am updating the charts after few days of movement and my analysis based on chart as of today.
https://steemit.com/bitcoin/@parindafx/btcusd-future-price-movement
So I am still short term bearish and think we will see around 8500-9000 level within few days. Currently 11500 level (circle on the chart) is a strong resistance and needs to hold for price to move down. If 11500 level is breached then 13000 level becomes very strong resistance. Its the horizontal red line I have it on the chart.
For BTC to turn short term Bullish it needs to breach 11500 and then next level is 13000.
For BTC to turn long term bullish it needs to break 15500 level (as of today) and as days progress this level keeps moving down. (Top black TL coming down)
Green lines are what I am expecting might happen but I will adjust it as price moves.
In a very long term BTC is still bullish until the price holds above the long term trend line (Dark Red bottom line on chart) which is near 9000 today still holds.
NOTE: If anyone wants me analyze any specific forex, cryptocurrency or stock chart please let me know and will do my best to analyze it.
Below is the chart.
Regards,
This is not a trading advise and just my opinion, please trade at your risk and do your research.