BitRitch

BitRitch

These lines are well respected since the ath! We are close to a relief rally before we go to zero!haha

BitRitch

Yesterday we saw a beautiful reaction from the 2021 value area low. What is happening now, Bitcoin consolidates between two major S/R lines. If we manage to break to the upside my next big target is around 47K to 50K If we lose support my expectations are a drop lower towards the downside of the channel.

BitRitch

Make a print screen and thank me later:) Lower levels to be expected...

BitRitch

Bitcoin is ranging in this channel, as you can see in the chart these are my expectations and levels to keep an eye on.

BitRitch

Bitcoin retesting a 2 month resistance line atm. If it holds 57 to 60K is the next big target I keep an eye on. We need to break these levels otherwise I expect a further drop down towards 30K.

BitRitch

I keep it short... This will be decisive for the next couple of months for Bitcoin. If we got rejected by this box we probably start a monthly downtrend and 69K was the TOP, but if we manage to break above with a retest we could see a new all-time high very soon. Let's wait and watch what the market will tell us. Don't be greedy, be save!

BitRitch

We broke out of this trend line, let's see if bitcoin can break up to 63K

BitRitch

Proof that the top 100 whales are buying a huge amount of Bitcoin at this range! That doesn't mean we can't get lower than 58K!! A lot of people wan't to buy back at 50/52K... so that ain't gonna happen. My expectation are we will push back a bit more let everyone belief we made a double top and Boom skyrocketing to 70K! I drew a few important levels to watch...

BitRitch

Nice to see these golden pockets acting as support & resistance in the past few days. Now Bitcoin faces a major challenge! " breaking this huge resistance box above us " That I measured from the bear market low to the swing high in April down to our swing low in June and here you see that the golden pocket held us down. This in combination with the 11 year...

BitRitch Updated 

As you can see we did break and retested this former resistance line that now act as support and will in the future may we break down. Now let's break the 11 Year resistance on the weekly to 217K Bitcoin! ( check weekly resistance below )

BitRitch Updated 

Bitcoin is trying to break this 11 year resistance, unfortunately we've got rejected again during the Evergrande news last night. This is the level to watch for the upcoming weeks. If we break this resistance blue skies ahead and retail investors will fomo in pumping Bitcoin to 217K by December. We already broke resistance on the monthly time frame check this...

BitRitch

Small pull back for Bitcoin to be expected... Ow, and don't expect much more bears:) 217K Bitcoin by December is inevitable!

BitRitch

Here at the 2 week timeframe you can see some good indicators where this bull run could end in the coming months.. Definitely something to keep in mind;)

BitRitch

The 21 Daily EMA hold like a boss!! also we broke this import resistance!! So we now can say the direction is clear for Bitcoin. I would love to see a backtest of the 64K level or the pink line before going higher but you know Bitcoin... it can keep pumping from here. I still put in some cheeky bids around these levels incase it backtests. Enjoy the ride:)

BitRitch Updated 

Bitcoin is doing exactly as I have been telling you 4 months ago. Only this sideways action is just taking a bit longer than expected, but the last part is inevitable! 217 K Bitcoin by December 2021!

BitRitch

Decision time for bitcoin, my expectation are Hugh volatility today or tomorrow. We could see a fake out to 50K area but this will be bought up rapidly. 100K is inevitable!

BitRitch

Bitcoin between support and resistance, it looks like this pink line is pressing down the price while the 21 EMA is supporting us. If we break the 21 EMA we could expect support at the 55 EMA or my worst case a flash crash to 52K. Be careful volatility is around the corner.

BitRitch

Lux Algo gives us a strong buy.. last couple of times this was a good indicator. I personal wait until we break our resistance box before I scale up my longs big time!