We expect the price to rise if it breaks the 47000 area to reach the next levels level one 51000. Second Level 59000.
Ascending wedge on chart - breakout above obviously. Play outside the playground for best results and least regrets.
Analysis on chart. Double top originally anticipated to be a H&S pattern may turn out to be a bullish double bottom pattern as well. Play both ways - double top is not negated yet. Get OUT of the consolidation zone (or play the range here @ crypto-vegas).
Clear areas of support were marked in previous charts. Failing to adhere to stop-losses would have resulted in significant losses (20%+). Falling out of the orange RSI line was the first warning sign. Falling right through the "consolidation" zone and into "...bears..." was your second warning sign. While bulls have a last-ditch effort before "...lots of...
Neckline established on the last daily candle. Price squeezing in a close juncture here at an important fib-level. What will be brilliant is if price breaks the blue trendline downwards and quickly reverses, trapping bears. The reason this might happen is that breaking the trendline on price will not necessarily break RSI trendline. RSI trendline established...
ABCD parttern playing out on BTC- break-out confirmed. See identical RSI line established. Breaking orange RSI line would mean consolidation. Holding green RSI line to maintain medium-term bull run. Good luck mates.
RIP RIP RIP RIP RIPPP To the f*cking moon. Break above 11800 would be incredible.