BITCOIN analysis update (Daily Chart) (Falling Wedge) Focusing on current price action, we have a Falling Wedge. We will be expecting price to break resistance line to the upside, do a retest on the resistance line or at a previously bullish injection zone, then continue its upward movement to hit take profit targets 1 to target 4 where we will be expecting...
BITCOIN analysis update (Daily Chart) (Inverted Head and Shoulder Pattern) Following the completion of the Head-and-Shoulder pattern, we can easily see a on-going Inverted Head-and-Shoulder pattern formation. We have that the left shoulder and left section of the head are fully formed. We are anticipating the completion of the right section of the head and...
BITCOIN analysis update (Daily Chart) (Inverted Head and Shoulder Pattern) Focusing on most current price action, we have a small on-going Inverted Head-and-Shoulder pattern formation. We will be expecting the push to the FIB 61.8% zone where we should be expecting good price reaction, before the continuous push to its 100.0% zone after the 61.8% zone is...
Fibonacci retracement tool and trendlines were greatly implemented in analyzing this one (1) week candlestick timeframe (TF) chart. A new support line is drawn to which was respected. FIB3 and FIB4 are also redrawn. We therefore have a new FIB4 take profit zone, but before smashing that price, we should be looking forward to a crazy reaction at FIB4 50.0% zone...
The picture explains it all. AB = CD pattern is telling take profit around $20 zone. FIB is telling take profit around $22 zone. Feel free to comment. Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
Inverted Head and Shoulder Pattern. Trendlines were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart. I believe the chart pattern says it all. Ultimately, we will be seeing ourselves at all time high soon, with Fib giving an insane take profit price. Note that it is not compulsory that price action exactly follows the path drawn,...
AB=CD pattern, Fibonacci retracement tool and trendlines were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart. Feel free to comment. Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
The picture explains it all. AB = CD pattern is saying take profit around $4.0 zone. FIB is saying take profit around $4.1 zone. Feel free to comment. Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
AB=CD pattern, Fibonacci retracement tool were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart. The picture explains it all. AB = CD pattern & FIB are saying take profit around $6.6 zone. At carefully observing the price action, an almost concluded symmetric triangle and a bullish flag pattern can be seen in formation. Feel...