Kyle_Kinnaird

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.

Kyle_Kinnaird

Creating a nice Cup & Handle, maybe we'll see .35 by the weekend?

Kyle_Kinnaird

Here's a layout of paths we may see mo inv through today into tomorrow Sep. 2nd, as we near the 3rd I believe we could retest .30

Kyle_Kinnaird

The RSI Indicates we've created a Double Bottom which should get us up above .29 & may even test .30 heading through the night into Tuesday morning. I've labeled 2 potential patterns that may unfold moving through next week. We may pass .29 test .30 then fall below the support at .28 then continue downwards in this bearish trend. Or we could break through the...

Kyle_Kinnaird

Hourly chart showing the 20 EMA still below the 50 EMA, we may cross over & get a push towards the upper trend line heading into early Tuesday. Overall were still inside of the larger Bullish Pennant looking to break through the top resistance & test .30 this week.

Kyle_Kinnaird

From Monday Aug. 23rd until Monday Aug. 30th, we've been in a "3 Pattern Phase" is what I like to call it. Last week (Mon. Aug. 23rd - Fri. Aug. 27th) we were in a Bearish Consolidation. Open Price was $50,491 & the next day Open Price was $49,414, this is a indicator that we may continue to see Bearish momentum. We did hit a high of $49,875, but EOD we were at...

Kyle_Kinnaird

We may see a spike off od this support & retest $50,000 late Monday evening, of sell see a pullback too $48,400 followed by a Consolidation phase rolling into Tuesday.

Kyle_Kinnaird

Rolling into Saturday morning we could be .30+ if we're able to bounce off the 20 EMA or find ourselves falling below this Uptrend & retest the previous support line.

Kyle_Kinnaird

We've caught some momentum here lead by the Volume & bouncing off the lower Support level (.26). Let's see if we can continue this uptrend too .28+ tonight & hopefully pass that .30 support tomorrow, kicking off a bull run.

Kyle_Kinnaird

Taking a look the 4hr chart we see that the 20 & 50 EMA are touching but not have crossed over yet, which would indicate a bearish move to follow. We're currently in a bearish consolidation heading towards the upper trendline, if we are able to continue this momentum & add more Volume we may be able to break through. This may get us on our way to retest that...

Kyle_Kinnaird

The Definition of "Volatile". Taking a view at things from a far (Daily) it appears we may very well be repeating the same trading pattern as before. We had 4 large jumps in price followed up by slight bullbacks until the last increase was a shallow, followed up by a massive sell-off, leading into this current pattern. What we would like to see is the next move...

Kyle_Kinnaird

Taking a look at the 4hr chart we have bounced off the lower support line also the RSI indicates a double bottom which could send us towards the upper resistance. The RSI also indicates the upper resistance is very strong, if we do hit it don't be surprised if we begin to fall out of this Uptrend & retest $46,000. If we are able to break through this bearish...

Kyle_Kinnaird

We have been on a healthy pullback which has created a solid buying opportunity to Avg. down or continue to stack your bags. We're currently nearing a strong resistance at .26 which if you take a look at the RSI is also indicating we are Oversold. Typically when we meet a resistance & the RSI indicates an Oversold asset it leads to a reversal. Heading into the...

Kyle_Kinnaird

We've been riding a pretty straight Uptrend for some time now, but it appears we may have reached out peak. For now. We tested $50,000 & very well test it again soon, but what follows that will give us a great idea of where we can expect to be in price heading into September. Once we hit $50,000 we could get rejected then slide down & have a slight chance to...

Kyle_Kinnaird

Taking a look at the Daily chart, Bitcoin is nearing a very important resistance of $52,000! What ensues will determine if we will be nearing our ATH of $60,000 in September or if we will have another sell-off sending us down too retest our floor of $29,500. If you take a look at the RSI it indicates we are in a bit of a downward consolidation which is typically...

Kyle_Kinnaird

If we're able to get above the 50 EMA that's a strong indication of a Uptrend fixing to happen, so if we get above it & the Volume pick up we should see a big push above the upper trend line rolling into Thursday morning. If we hit the 50 EMA we could see a rejection & continue to call into a Consolidation phase sticking around .27 heading into Friday.

Kyle_Kinnaird

We've bounced off the lower trend line now headed back to retest $50k which this may be the beginning of a Market Bull Run through the weekend. If we happen to retest the lower trend line we may fall too $47,200 & consolidate through the weekend.

Kyle_Kinnaird

We've been creating Higher Highs & Higher Lows since the 19th & may very well continue this pattern heading into the weekend, if we do we may test $2.30 this weekend. If we hit the $2.00 resistance we may find ourselves in a Consolidation phase heading into the weekend around $1.90 & $2.00 which would be a healthy consolidation for the coming week.