


Good Day my fellow traders! As you can see from the chart on the 6hr, BTCUSD is currently trading inside a Ascending Broadening Wedge. This is know to be a bearish pattern. Thus far, we have three touch points on the support trendline, falling below it will confirm breakout and give a target of $39600. Disclaimer: I'm NOT a financial adviser...just a regular...
*UPDATE* The wedge has broken out to the downside as expected. Current target is $38.8K. Note: A further pullback below this target can happen. BE ADVISED :) Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :) Peace Love Money ;)
Good day my fellow traders! BTCUSD pair has broken its final support and has entered bear territory as stated in my previous idea. As you can see in the chart on the 3week timeframe, the pair was trading in a massive rising wedge and has broken to the downside with a target pointing towards $17k. The 3week chart is a longer timeframe and gives me a more extended...
The pullback trade to $47.8k is now close. I believe that we will get a bounce from my support levels seen in the chart. If the price action falls below my FINAL SUPPORT level....I will say that the BULLS have been defeated and that this market now belongs to the BEARS. We're in a falling wedge pattern.."BULLISH PATTERN" set for breakout early Jan. TARGET IS SET...
Target of $50.1k was reach, price will retrace to $46.8k-$47.9k before testing $55k. Happy Trading
Good fellow traders! BTCUSD is breaking key resistance via RSI readings. New Target is $50.1K. The falling three peaks pattern has become invalid due too high buying pressure located in the $45.5k zone. The bottom is in and the divergence is in effect. HERE COMES THE BULLS!!!
Three Falling Peak is a bearish pattern! Support has been broken...41.7k will be my target. THIS WILL BE THE FINAL PULLBACK FROM CURRENT DATA...WE HAVE SEVERAL BULLISH DIVERGENCES FORMING. TRADE SAFE...
BTCUSD pair is trading inside a heavy resistance zone. When the $57k final resistance level is broken and there's a daily candle close around the $58k price action...know that there's little to no resistance afterward. $70k-$235k can be reached with ease. (The Quiet Before the Storm). A massive stampede is coming :) Disclaimer: I'm NOT a financial adviser...just...
BTCUSD just broken out of this right angled broadening wedge pattern to the upside on the daily. Current target is set at $55k HODL my Raging Bulls Disclaimer: I'm NOT a financial adviser... :-) Peace Love Blessings ;)
Good Evening my fellow traders and HODLERS! My cup and handle theory has finally played out as well the price action has broken thru resistance. $70K PER BTCUSD is my current target. Trade safely... Disclaimer: I'm NOT a financial adviser... :-) Peace Love Blessings ;)
Good Day my fellow traders! I will keep this real short...BTCUSD has 2 bearish divergences on the daily that I'm taking heed to. I believe a pullback to $46-$42k is expected. The $46k level might get tested again, if fails...next level for support will probably be in the $42k area(Perfect long entry point) :) The overall picture is bullish. As you can see..BTCUSD...
Short-term bearish setup...BTCUSD currently has a cci bearish divergence on the hourly also is currently trading outside of this falling wedge. I do believe a short-term correction is incoming, afterwards further continuation to the upside. Disclaimer: I'm NOT a financial adviser... :-) Peace Love Blessings ;)
Good Day my fellow traders! BTCUSD has formed a rising wedge pattern and is set to breakout of it within the next 24 hours. This pattern is indeed a Bearish Pattern, with a percentage high as 65% breakout to the downside. But with BTCUSD''s current momentum, the price action can breakout to the upside as well. If BTCUSD is able to out due the odds of this...
BTCUSD seems to be forming a descending triangle pattern. 54% Bearish/46% Bullish (Type of Pattern). As you can see from the price data, BTCUSD is in a rising channel. That being said, I see BTCUSD continuing its upward momentum and breaking out to the upside from this "Potential" descending triangle. Targets --------------------------- Upside Target:...
BTCUSD pricing is currently being squeezed by some strong support and resistance on the daily. Eventually, I believe a huge breakout will occur either today 8-1-2021 or 8-2-2021. We are indeed hanging around overbought territory on a couple of my indicators..so a push down to the $37k-$34k levels wouldn't surprise me. On the other hand, breaking this level of...
Good day fellow traders! BTCUSD is forming what looks like to be a Bullish Pennant. The price target for this pattern would be $43k if it plays out. There's some resistance at $39.1k and support at $37.6k. This would be about a 12% move to the upside. (Short-Term) trade opportunity. :) Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my...
BTCUSD has broken out of its large falling wedge to the upside and has completed it BULLISH DIVERGENCE "on the DAILY"...as I stated was in play a couple wks back. My target out of this larger wedge will be $48K. My targets of $33k-34k has been reached from the smaller wedge formation. BTCUSD could test the levels of $51k-$57k but will come as strong resistance. I...
Good day Ladies and Gents. Like I mentioned in my previous idea…having a daily close under $26k would be signaling potential Bear Market territory. Now let us examine the data on the monthly. As you can see from the charting…whenever Bitcoin’s price closes a MONTHLY candle close between the .618 and .786…it enters an extended and deep Bear Market (which can be...