Will wither produce another large pump or a "bart simpson" back to about $7200. Trade the breakout.
Bitcoin did well settling in my buy zone before trying to jump out this morning. I am wary still that we could see one more push down before seeing 8000's again, but this is a good start.
Pretty clear looking bullflag and should breakout as long as BTC keeps its cool. Likely to be rejected by the cloud initially before trying an end to end move.
Completely unconfirmed until the second shoulder forms, but something to look out for.
BTC dipped into buy zone I identified before forming a beautiful 4hr tweezer bottom. We aren't out of the woods yet, but this is fairly bullish.
Looks like bitcoin will have another fateful meeting with log support (dotted line) around 7000. This is an absolutely CRUCIAL level to hold to ensure we don't have a year long bear market. Eventually, we should see the red dotted resistance of this giant pennant tested. A break there is what we need to see to regain a bull market. This is a very macro view.
We followed that line down perfectly and are now bouncing in the 7800 region I identified. I am not fully convinced yet, but this will need to be where the bounce in if we are going to have one.
UPDATE: BTC has been following my analysis very well lately. After breaking the wedge on poor volume, we look set to retest at the 7800-8000 area. We will need to bounce here to avoid a serious drop. I am still short from 8300.
Would like to long after this breaks out. You can find all targets in my discord group.
Looking like BTC will retest breakout from falling wedge before making a run back to 9k.
Seeing a nice spike now as it works it's way towards downtrend resistance and Inverse H&S neckline. Can buy now with tight stop, or wait for breakout for the moon mission.
ZIL looks just about ready for more here. Seems oversold at this level, and near bottom of potential falling wedge within a bull pennant. Could be the push to new ATH. Tweezer bottom just completed on 4hr.
Bulls are gaining some more steam here. Expecting a run to top of wedge with one more test of support before breaking back to the $9000 range. If we break straight out here... Very boolish.
Needs a break from this formation to ensure we don't plummet into bear market again