after breaking out of flag like pattern bitcoin saw massive decline to 18.5k after that we saw a rally which retested the previous support and now it's resistance. after cpi data we saw massive decline thus which started bearish rally. i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k bulls are clearly not in control at...
Bitcoin has been falling in a similar pattern for several weeks. If Bitcoin breaks the 19k barrier, we could be facing a similar event, with patterns similar to the previous ones. Py cycle bottom has already intersected, so this could be another indication that we are close to a macro bottom.
Backtesting ascending triangle potential giant pattern #NotFinancialAdvice
According to analysis btc pullback to trendline and will dump 13k 1.618 fibo projection = 13k
If this breakout is confirmed on the weekly then the target is 16k...in addition to this simple bull flag on the weekly chart we also just broke above the neckline of a weekly inverse head and shoulders pattern too which has a similar breakout target I will show that in a separate idea. Based on the volume we got today I have a feeling we will see a solid volume...
Expect a rebound with strength in this red rectangle; OR a fall to or around 8180. First stop 9049 Second stop 8974 Third stop 8899 Rebuy 8180 or before with signal Falling to 7400 still in option
On the weekly, The BTC swing low and high perfectly align a candlewick closure on the 78.6% level. Is this coincidence? i think not, as our main target of 16K is just above the -27% level. (Allow for wick fishing) We are waiting for a boom any day now.
BTC WILL BE HAVING A RETRACEMENT DOWN , THEN AN EXPLOSION TO 16K
My bias is SELL BTCUSD, The consolidation period is nearly over, the MAs are widening out for stronger price action. Breaking out of the two resistance levels we have marked out. "BTCUSD to 5K" Says CRYPTOWZRD, I am with this bias however i think we should take it one step at a time, so i shall be shorting bitcoin to 6.4K. With a stop loss slightly higher than...
I think getting you’re feet wet above this support is a good deal be, don’t wait 16k is in play now. Possible scenarios: We go back to $8500 to close the CME gap, but that’s even looking slim now, the 20MA day support has broken 9k. 16k in play we above 50MA & 20MA and 21 & 55 EMA day supports a bullish move to 11.2k would make a 20MA cross over the 50MA. If...
Filter out the noise and don't overcomplicate things. Act rational. As for now this is just a liquidity grab at weekly OB bottom-close. 12H shows a set of Higher-Highs/Higher-Lows and a 200-EMA rejection (see update-section) Weekly close above 11560 will shoot us to 16.1k. To achieve that I wanna see a solid weekly close today, preferably above 10590. If price...
Give are take a thousand. The state of affairs across the Globe will push BTC to all time highs Q4 of 2019
Let's hope.. I'm gonna say somewhere around $16k.. Then.. Who knows?