B166ERcrypto

B166ERcrypto

Bitcoin could be creating a descending triangle. If Bitcoin gets rejected at the resistance line, and breaks through the support line, then Bitcoin will likely fall to the 21 week EMA, which will be located at around 23-24k at about the time a breakdown is likely. This will also fill the CME gap at 24k. ROCKET SHIP FROM THERE. Peace, Love, & Crypto, B166er

B166ERcrypto

COMPARE THIS CHART TO THE OTHER ONE I JUST POSTED. This is the 2021 chart, the other is 2017. "The price of success is paid in advance."  Here is the thinking that needs to be done in advance of executing a trade:   Bitcoin regularly prints a pattern called a "Symmetrical Triangle." It also creates "Descending Triangles" that have a straight bottom and a...

B166ERcrypto

COMPARE THIS CHART TO THE NEXT CHART! This is the 2017 chart, the other is 2021. Read the notes on the other one.

B166ERcrypto

Here's a look at the the Inverted DXY vs the BTC chart for the last 1.5 years. They have an eerie correlation to one another. The DXY is currently in a REVERSE HEAD AND SHOULDERS PATTERN at the same time that Bitcoin is in a SYMMETRICAL TRIANGLE that could, potentially, break to the downside. If the DXY rises...does this mean that Bitcoin will...

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As you can see we have a pattern of weekly bearish candles closing with very long tails and small bodies. Particularly the last two. The closer this candle closes to the open, the more likely it is that we break the SYMMETRICAL TRIANGLE pattern that is forming and we print fresh ALL TIME HIGHS. If this is repeated in the current consolidation period, it is...

B166ERcrypto Updated 

I'm not bearish on Bitcoin until key levels are broken which haven't happened yet. Here's what I see if it happens. Usually Bitcoin will break in the current trend direction after a symmetrical triangle. If that is what's forming then expect price to print fresh All Time High's! If it were to break downward: If Bitcoin were to lose bullish steam and continue...

B166ERcrypto Updated 

Projecting into the future is fun, informative, and imprecise, but I can see both 14K and 20K as areas where major selling pressure could come in. It won't be enough selling pressure to keep the price going down too long, though, and will break through those levels. Call me bat sh*t crazy if you want but there's so much bullish energy in the chart and surrounding...

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Here we are again...as selling pressure dries up...the bull market will continue. Possible Symmetrical Triangle continuation pattern forming. Stay tuned and let's goooooooooo! Peace, Love, & Crypto, B1666ER

B166ERcrypto

IT DID IT! Cryptocurrencies surpassed the one trillion dollar total market cap as of TODAY! Things are going to start moving FAST now...be prepared! Peace, Love, & Crypto, B166ER

B166ERcrypto

Seems like there might be a macro correlation between the two. I'll keep an eye on this. Hat tip to Crypto Kirby for putting it on my radar. Peace, Love, & Crypto, B166ER

B166ERcrypto Updated 

This isn't good for the bears. This indicator is playing out a fractal along with the price action that can't be ignored. Look at my chart about the 1- and 2-year MA fractal playing out right now. I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even...

B166ERcrypto Updated 

The fractal nature of the Bitcoin price action cycles becomes apparent here in this chart focusing on when the 50 Week SMA is broken after halvings, leading to major bull runs. ENGINES READY FOR TAKEOFF...PREPARE THRUSTERS...10, 9, 8, 7... Peace, Love, & Crypto, B166ER

B166ERcrypto

This is an interesting situation. There is BOTH a Regular Bearish Divergence AND Hidden Bullish Divergence AT THE SAME TIME at the 14k mark. Since this is coming from an uptrend I suppose the bias would be the bearish scenario. Good luck! Peace, Love, & Crypto, B166ER

B166ERcrypto

The 50 and 100 SMA's smooth out Bitcoin's volatile price action and they have BOTH now broken their previous All Time High's. Bitcoin is following a similar trend after the previous halving and before the massive 2017 bull run. All systems are a go. Prepare for liftoff... Peace, Love, & Crypto, B166ER

B166ERcrypto

Let's take a look at the monthly chart. Bitcoin is currently building support upon the 2019 bubble monthly closing tops. Very bullish. Hang on to your socks boys and girls. Peace, Love, & Crypto, B116ER

B166ERcrypto

This Gold/Bitcoin chart looks like an inverted Bitcoin chart. Look at the RSI...you can easily mark Bitcoin bottoms with this chart. That's a solid buy signal if I've ever seen one! Peace, Love, & Crypto, B166ER

B166ERcrypto

This chart shows why the 21 week moving average is important, and why it matters NOW and moving forward. Peace, Love, & Crypto, B166ER

B166ERcrypto

I started publishing charts a year ago and all of my charts have stood the test of time. This makes me so happy! I love charting Bitcoin's macro trajectory and will keep doing so for years to come! Follow me for periodic insights you won't find anywhere else. I will point out things that NEED TO BE SEEN. Peace, Love, & Crypto, B166ER BULLISH: 1. 50 Week SMA...