Stratex1

Stratex1

It appears that in september some time, the currently forming ascending wedge pattern will play out - unless there is some news or good reason for it to move otherwise. It's tempting to be both optimistic and pessimistic about this. In any case, the pattern and market sentiment is bearish. If it proves bullish and hits the 26k range I will be surprised.

Stratex1

Just a theory on how this may play out - bearish impression on the price action, and overall optimistic take to assume it will bottom out on the 13k mark at old 2019 highs. Will update this as things play out.

Stratex1

It appears that some version of a wyckoff or (minus the spike in the middle) a cup and handle pattern is forming. Sentiment during this market would typically have it simply just go back down. Upon writing this, a small bullish crossover on the rsi could occur, also with the EMA and MA indicators on the chart having a bullish crossover about to occur. Because...

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His hopes and dreams are that it goes to the moon. (Inverse head and shoulders) Bear market conditions could suggest that it will just dump to be honest, but hey, we're here giving some good vibes toward the rat.

Stratex1 Updated 

Falling wedge pattern. Indicating a bullish move soon. Due to the conditions of the market leaning heavily bearish, it could simply get rejected and fall to 17k.

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If equities such as $QQQ, $SPX , $SPY and others, pull it down, its guaranteed that it will simply go down below this wedge outlining. However, if it truly is holding support here, we still have the possibility of it recovering and moving to the upside. This thinking is simply: So long as it holds support anywhere within this wedge outline, it has the possbility...

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If equities such as $QQQ, $SPX, $SPY and others, pull it down, its guaranteed that it will simply go down below this wedge outlining. However, if it truly is holding support here, we still have the possibility of it recovering and moving to the upside. This thinking is simply: So long as it holds support anywhere within this wedge outline, it has the possbility...

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Zoomed in on the Hourly timeframe we can see the EQ playing out a bit more. This EQ however is placed in a position which also indicates that it is a Bearflag. Aside from the potentially bearish pattern forming, there is also a Bullish Divergence on the RSI below, as indicated by the arrows.

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EQ on Bitcoins daily timeframe indicating more volatility in the near future. Considering there is significant supprt at this range, we could see it move to the upside. Alternatively, the FOMC two-day meeting on June 14th-15th could result in more dumps down to the 23k or 19k range. If the information turns out to be bullish we could see it rally into the mid 30's.

Stratex1 Updated 

This was entirely intuition, no logic used here. We'll see if this pans out or is completely incorrect off the get go.

Stratex1 Updated 

Please see: For more information and past analysis. VOR UPDATE: Day 12 of the Valley of Resistance. It re-tested the mid trendline, as predicted. 3 Days later it tested it again breaking through the resistance. - 22nd March After breaking through the middle trendline of resistance it tested the 200EMA resistance fell and converted the middle...

Stratex1 Updated 

Recognizing a pattern in each valley of support/higher low here, there is a V-shaped incline trend upward in the form of a higher low. The time between each pump, after each V-shape retest of support, it has proven, in the first 2 V-shape moves to take exactly 1 month to test and fall back down for a higher low. After "1" it took about 11 to 12 days until its...

Stratex1 Updated 

Everytime the 20EMA crossover the 55EMA it moves parabolic to the upside then retests support. The 20EMA is about cross over the 55EMA again.

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Multiple 'W' pattern dumps and bounces that finish starting a new bull run. White line in the middle is the current price. 'W' is circled and drawn with pinkish-red.

Stratex1 Updated 

Bearflag then dump - the 'x'. V shape then accumulate on a sideways incline - the 'tick'.

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I have marked down the price ranges and their corrections, here is my analysis: Upward from here, to around 85k and have a correction down to 48k (or around 50k). It will then move up to 100k, have a correction down to 67k Building back up past the 100k mark, it will reach around 150k then have a minor correction down to 120k. Finding the bottom,...

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All indications prove bullish for bitcoin as of current. Please see this chart for all my current analyses and future updates:

Stratex1 Updated 

January 24th, 2022 seemingly found the bottom at $32,917. Setting 3 trendlines with the bottom and finding a higher low . The middle trendline finds a valley of resistance before breaking out into upward movements. Seemingly, always having resistance below the line. If there is a decline, we will likely see a new higher low (assuming it follows this...