Kyle_Kinnaird

Kyle_Kinnaird

On the 1 hr chart I broke down the 3 Phases we are going through which will lead us into an overall Consolidation from July 27th running into August. I believe we will run along the 200 EMA moving into August, then we may see a Pullback dropping below the EMA before we get into the Bull run.

Kyle_Kinnaird

We very well may see a pullback as we roll into Friday morning as you see we broke the lower resistance & in a Retest. There is still the possibility to continue this Uptrend, but we seem to be loosing Momentum & Volume as well. I believe this is consolidate as we move through Friday into the weekend.

Kyle_Kinnaird

On the 2 hr chart we're in a wedge pattern showing signs of a strong uptrend over the last 6 hrs, now we'll need to see if we can continue this trend through the top of the wedge. Or if were going to lose momentum & get a Pullback to the lower resistance, I do believe we will see 1 more large pullback before we get on a nice bull run.

Kyle_Kinnaird

As you see here we are testing a supply zone followed by some resistance which is normal but next let's see if we can do a Touch & Go off of the (Yellow) lower resistance then get a nice Uptrend that'll get us out of this consolidation. Then we'll be met by another resistance, if BTC is able to get the market moving we should blow right through it. I do believe...

Kyle_Kinnaird

As you see we we're in a Uptrend, creating Higher Highs & Higher Lows. Then towards the end of the trend you see we tried to create another HH but were unable too, this is a great indicator that a reversal may play out. I labeled the Retest, then placed a Trade there as we hit our lower resistance mark & got a Winning Trade. If you do your own Research & put...

Kyle_Kinnaird

As you see here were riding above the 200 EMA while hovering above the lower resistance, I do believe we should get some help from the Asian Investors tonight which would get up on the next leg up.

Kyle_Kinnaird

I believe we'll see another large pullback to shake out any paperhands who are left, then we'll see a Bullish Reversal in August.

Kyle_Kinnaird

On the 2hr chart you see were in a nice wedge pattern after the nice Uptrend once we dipped into the lower resistance. Let's see which direction we'll be headed moving into the morning once we break out. If we do have a large pullback we will retest the lower resistance but if we are able to get a nice Uptrend then we may pass the $34k price range.

Kyle_Kinnaird

Bounced off the lower resistance with an Engulfing green candlestick as well as crossed over the EMA! Should see a nice Uptrend from here, may see BTC with a large pullback which would break this trend & send us in a bearish reversal.

Kyle_Kinnaird

Broke out of the wedge with a slight retest now a large runup! Let's wait for a pullback so we can place a nice Day Trade, seems the market is finally turning Green.

Kyle_Kinnaird

I do believe we will have a slight pullback to .186 price followed by a nice Uptrend moving into the morning. That is of course if BTC doesn't have a massive sell off, which could have us fall too .178 or even lower. I will continue to update you moving through the early morning & into the afternoon.

Kyle_Kinnaird

Here are 2 possible outcomes to what may happen next, we could either see a large pullback where we break this first resistance with a retest then continue to sell off. Or we could hit the resistance & continue on this Uptrend as we move into the Friday morning.

Kyle_Kinnaird

Everything seems to be lined up for a Bull Run, sitting nicely on the lower resistance along with hitting the Golden line on the Fib Retracement & ending of a wedge. Is it time?

Kyle_Kinnaird

Broke out of the wedge now on a nice retest, if we do complete this Uptrend we should reach $33,380+. If we have a large pullback well see a strong consolidation with a false breakout, let's see if we can keep this momentum for a Bull run.

Kyle_Kinnaird

Were in a wedge pattern here waiting for the next move, once we break out of the wedge either to the upside or down. We will need to wait for confirmation before we're able to place a Trade. We could very easily fall back to the lower resistance or we can continue on this Uptrend through the morning.

Kyle_Kinnaird

Should see a nice pullback, then a nice Uptrend. Stay tuned for more updates

Kyle_Kinnaird

Placing a Day Trade here, just to see how it plays out. No Confirmation yet, just want to see if this plays out moving forward.

Kyle_Kinnaird

Once we break through the wedge I may place a Day Trade here once we get the confirmation. We may be on a nice Bull run moving through the morning if we are able to get the confirmation & nice Volume. If not we may fall too .177 which is a solid bottom for us.