Kyle_Kinnaird

Kyle_Kinnaird

If you take a look at the RSI it indicates ~ Oversold which is typically led by an Uptrend movement. Taking a look back on Oct 31st you can see we also dipped to the Oversold indicator which was followed by a nice Uptrend. Next we may see a push towards .30 through the weekend with the Upgrade to 1.14.5 this could add to the trend.

Kyle_Kinnaird

Taking a look at the RSI we have dipped down to being Oversold, which if you take a look back to Oct 31st, we we're also Oversold. What followed was an ATH at $3.30 which I do believe we will be headed towards $4 this weekend.

Kyle_Kinnaird

We may break this pattern & continue moving sideways into December around .27, or we may jump off the 50 EMA & begin our run toward .35..

Kyle_Kinnaird

I believe we'll see a similar move as we did in February & end Nov. around $90,000

Kyle_Kinnaird

I'm feeling like we're nearing the end of this consolidation phase, we may move downward then sideways creating a Head & Shoulders then fall too .225. Or we may see a Uptrend play out heading towards .26 with a retest then make our way too .28. What are your thoughts?

Kyle_Kinnaird

I've had this Wedge mapped out with the Elliott's Wave for 2 weeks now. Should see a nice push through .30 followed by a retest then another spike too .40

Kyle_Kinnaird

I believe we may see a large pullback too .15 as we approach October. I analyze the S&P 500 chart from time to time & we have just hit the top resistance in the uptrend we've been in since Feb 10th. We may see a large pullback of about 30% which will also have an effect on Bitcoin, with that being said we all know that Bitcoin controls the Crypto Market so we...

Kyle_Kinnaird

We've crossed over a resistance & just may have turned it into a support level that could give us momentum to see $52k. If we are unsuccessful then we may fall back down below the middle trendline finishing up this Elliott's wave which would put us around $38k.

Kyle_Kinnaird

Do you think this Fib Retracement will play out, or will see see the second leg of a large pullback?

Kyle_Kinnaird

I've highlighted the Resistance lines in Yellow to make them more visible. We've got support at $37,300 which we could see either a sideways consolidation through the month or create a Head & Shoulders. Which would cause us to break the $37,300 support line & drop down to the previous low of $30,000 as we head into November. There is a chance to bounce off of...

Kyle_Kinnaird

Our most important support level is at .23, if we break this level we may fall too .20 followed by a consolidation phase. Or we could consolidate between .23 & .26 through the weekend. Slight possibility of a breakout moving into early Saturday morning. 🙌🏼

Kyle_Kinnaird

Going off my precious chart we are lined up for a breakout, but will it be a Sell-off or a Uptrend towards .30?

Kyle_Kinnaird

I placed arrows that are correlated with the RSI, Green represents the Oversold & Red represents the Overbought. Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25 Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from...

Kyle_Kinnaird

We will see .24 as we head into the weekend but must watch to see if we break the .23 Support level, thennwe may be seeing a complete bearish reversal. If we are able too bounce off of .23 then retest & break through .24 getting into .25 then we'll be heading in the right direction.

Kyle_Kinnaird

We could consolidate between .24 - .27 as we approach the weekend which is a great sign moving forward. Or we could get a Bullish Reversal & make our way back into the wedge & continue on a Uptrend too .35 next week.

Kyle_Kinnaird

I highlighted a Blue Support zone that we could fall too nearing .28, then continue moving upwards. Or we could fall too .300 & use that momentum to uptrend out of this wedge pattern & on our way to .32

Kyle_Kinnaird

Stl continuing along the previous prediction, still a chance to consolidate through the middle of this Uptrend. May see .32 this weekend

Kyle_Kinnaird

It appears we have created another Uptrend, next we may continue to slide down towards the lower resistance which should shoot us back up towards .30+ moving into mid Friday. As we head into the weekend we'll need to re-asses the next pattern, which could be another healthy pullback towards the .305 support then another Bull run heading into next week.