Bounced off the lower resistance with an Engulfing green candlestick as well as crossed over the EMA! Should see a nice Uptrend from here, may see BTC with a large pullback which would break this trend & send us in a bearish reversal.
I do believe we will have a slight pullback to .186 price followed by a nice Uptrend moving into the morning. That is of course if BTC doesn't have a massive sell off, which could have us fall too .178 or even lower. I will continue to update you moving through the early morning & into the afternoon.
Placing a Day Trade here, just to see how it plays out. No Confirmation yet, just want to see if this plays out moving forward.
Once we break through the wedge I may place a Day Trade here once we get the confirmation. We may be on a nice Bull run moving through the morning if we are able to get the confirmation & nice Volume. If not we may fall too .177 which is a solid bottom for us.
Here on the 1 hr chart you see we've been on a nice run since the morning of July 20th leading up to The B Word talk. Looking at the Fib Retracement we see that we touched the Golden line of .618 (.186 price) as well as hit the middle band in the Bollinger Bands, this is typically a strong indication of another Bullish trend. I wouldn't be surprised if we even...
I have labeled the Demand Zone we are currently on now, may see a bullish reversal which the RSI indicates that as well. Still need to wait for Confirmation before placing a trade, still a possibility of another pullback.
We hit our lower resistance, now we should see a bit more consolidation before a Bullish Reversal. I've already pointed out the Triple Bottom which typically leads to a Bullish reversal, we may very well see a slight dip to wipe out any of the paper hands that are still here. But it is almost time...
As you see on the 4hr chart we are witnessing a Triple Bottom which usually indicates a Bullish Trend to break out. I am not saying a Bull trend too .45 but a nice put that could get us in the mid .20's Friday may turn out to be a great day for Doge
By know you already know I am eyeing a Breakout in Aug. there is no set week or day but I do believe we'll consolidate for a few weeks then start to see some big movement. We very well may see a final big pullback in hopes to flush out all the paper hands, but the end of the year is going to be great for Crypto. *Not Financial Advice
We've continued this same trend over 3x working on our forth & it has stayed fairly consistent since the Bull Run! I'm not saying this will be the bull run to get us out of this Bear Market but it could turn us into a nice consolidation phase where we're not eating L's all month.
As you see here we just recently broke out of the long pullback, now we are in a retest phase. We need to confirm that it's an actually Bullish reversal of if it's a false Breakout which would lead to Lower Lows & Lower Highs 1 hr chart
As you see on the 30 min chart we were in a wedge pattern just above the resistance & now we have broke through the upper trend line & now on a retest. Placed a Scalp Trade here since we have a solid bottom as well as had a bullish break through the wedge.
We have found a solid bottom here and making our way back up to the upper resistance. Once we reach the upper resistance let's see if we can continue the momentum to carry us back above it or if we will have a pullback back towards the floor. I believe we may consolidate down here over the next few days.
30 min chart here looks promising, broke the downtrend resistance as well as a Touch & Go off the Supply Zone.
As you see we have been riding in this consolidation phase since 0345 this morning & placed a trade at 0900. The market seems to be gaining momentum as we move through the weekend which is surprising. What we need to see next is for the Volume to pick up so we can break through the upper resistance. If we fall below the Supply Zone we may see a retest then a mild...
As you see here on the 30 min chart we are currently headed towards the .241 trending zone. What we will be looking for is if we are able to bounce off the resistance heading back towards the top of the wedge. If we do so we should hit the top trending zone which would lead to a retest of the wedge, depending what ensues we may break above .26 moving into the...
After the HH, HL we almost broke the Bullish trend by breaking the Higher Low but we've hit a strong resistance here to stay in the Uptrend. I have identified the higher & lower resistance bands in this Uptrend, as you see we just reached the lower resistance which means we should see a solid push towards .30+ aswemove into next week. If we break through the...
Here is the 30 min chart, I've labeled the Higher High (HH) as well as the Higher Low (HL) now we seem to be moving in a nice Uptrend over the past few days. What we need to look for next is to be able to continue this consolidation were in followed by a nice bull run towards .32 as we move closer to the end of the week. If we get a pullback towards the lower...