Bullish flag formed. The flag's target 6600-6700 //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
16 week Triangle that everyone was talking about seems to be a WEDGE! Here is why: Since we almost don't have wicks on the top(check it yourself on the Daily chart), we should disregard wicks on the bottom #1 rule: Wicks to wicks, body to body. If we charting it properly following this rule, we can clearly see a falling wedge and price just bounced from the lower...
Hi, guys! In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold. At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are...
BTC has two inverse H&S right now with targets ~7300 and 9600. We bounced from the very long-time 1.68 Fibonacci which matched RSI 30 on daily. Dips being bought, and we see a strong bulls reaction on every drop. If you already have a position, go get a cocktail and enjoy the summer, because it will take some time. I expect the right shoulder in the middle of...
This is an update to the previous chart since I want to clarify some details: BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from the symmetrical triangle into Descending Triangle. If 6000-6500 will hold, we should finish wave "E" first, and if the breakdown occurs at 8500-8800, the target might be ~13250...
Hi, everyone! BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from symmetrical triangle which is Bi-Lateral pattern into Descending Triangle, which is BULLISH. If 6000-6500 will hold, we should reach a wave "E" first, and if the breakdown occurs at 8500-8800, the target will be ~13250 at 0.5 Fibonacci. BTC...
Hi, guys! I'm back from vacation, and ready for new TA :) This is a long-term prediction, so let's take a look at the daily chart: BTC drew a triangle(white lines) and we are in the middle of the D wave. Despite some think that this is a wedge, it doesn't match several conditions to be it. I expect it to bounce from 7k and we should see a retracement to 8.9-9k...
BTC draws another rising pennant and it's about to break down. This pennant is a right shoulder at the same time, so if the neckline (7850) not going to hold, we eventually should see 7200 which is close to the line of Cup&Handle confirmation. Stay tuned * Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for...
BTC finishing wave E which means we are at the highest price that will be available in near future. A small flag is not broken yet, but volume declining and we are right under resistance. Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
As you can see, we are right on the edge of two paths. BTC 2.38% may find a support between $965 and $6856(green zone) and hard resistance will be between 7100 and ∞ accordingly.
We reached 1st and 2nd targets, but never see a bottom or oversold conditions. I think we should visit 30RSI on daily and launch up. Most likely it will be a trendline that we made with recent bottoms ~ 6.5 - 7. Looking at 1H RSI, most likely we will see a wave 5, but it 0.382 Fib will be breached, we may go straight to the target Trade only at your own risk....
Although most of the traders were bullish, and keep posting bullish charts, BTC painted a rising wedge(yellow lines) and we successfully broke it. Rising wedges tend to come back to the base, so I expecting wave 5 and double-bottom before the real launch Sorry for the delay. As you can see, I posted this rising wedge before it's got broken on Twitter and forgot...
**Update: We had exact same wedge right before this one(yellow lines from 8600 to 9800 and down to 7800 ~March 11-13 ), and now it's painting a bearish a flag. 8500 area has a lot to tell. Watch it closely. GL Although most of the traders were bullish, and keep posting bullish charts, BTC 0.50% painted a rising wedge (yellow lines) and we successfully broke it....
Green area is a sweet spot. I expect a V-shaped double bottom and rally up. If we will break punctured green line, I think it will turn nasty, and I'm not going to be surprised to see 3.5k
Hi, guys! Here is my update on BITFINEX:BTCUSD . We are at the critical point and have two H&S patterns on the chart. Inverted large, and small regular H&S. To confirm large inverted H&S we need to break a heavy resistance(Black line) and go through the Ichi cloud somehow. However, even if inverted H&S will rake a neckline, to be considered bullish ...
Ok, guys! Here is the larger image of BTC's chart. We are still in the downtrend channel and just hit the upper line. I hope you enjoyed this ride and shorted your position on time. My previous target 4.9k-5.1k is still on the place. P.S.: Thanks for subscriptions and likes! I really didn't expected so much attention! I apriciate that!
Afternoon, guys! As you can see from my previaous chart, 4H Ichi arived and doing the job. It's too early to say that my BIG plan already executing, but a few thing already happening. Ichi in play, Flag in play, and now we have an H&S that was confirmed. Trade wisely, no FOMO, please! :)