Rising wedge takes us back to sub 6 invalidation: wedge breaking bullsih. Might be a good oportunity for a put option
If price stays below 10100 then the pennant scenario on the left will be the high probability scenario, but with the price a above 10100 the triangle will assume the role of high probability scenario
What if in the macro pattern btc forms a huge pennant? Just food for thought with some potential key levels
Lets see if the break confirms over teh next 8-12 hours
The accelerated growth speed, seems to be very similar. In 2017 it took more than e ayear to fully develop, but this time the fractal seems to be shorter in time. What could that entail for the near future? For one thing I can be sure, the volatility is not stopping soon. Personaly i believe that tthis factal will end soon, time wise but not nessesarilly price wise.
This is a period of high uncertainty. Most believe that btc will keep mooning. I think that this level is critical and the way btc interacts with this channel will define the trend for the next few weeks Green is the mooning scenario and with Red, the re-visitation of the channel.
Silver prices are suppressed for several years now the first signs of recovery are here
At this moment is hard to say towards which direction the triangle will break. But looks like the move will be quick. I think the green scenario has slightly better odds
We got near the bottom at 9500 and it is now time to get out The high probability scenario is for bitcoin to come back down Price is near the previous up-trending channel
This bounce will follow Bitcoin’s bounce. Please refer to the attached idea for more details and invalidation criteria
It seems that it can’t clear the buyers at 9500. There is a High Probability for a bounce at this point and potential targets are 10220 & 11150 The idea should play out within the next 24 hours. Below 9100-9300 it gets invalidated
Potential new BTC channel, Need extra development time for confirmation With purple the areas with high probability of a directional change.
The market was quicker and more aggressive than expected. That lets me too not the target of 8700 will not be achieved. The high probability scenario now is for Bitcoin to bound up to $11,000 For more contact please refer to my previous ideas attached below.
The direction is Bearish but there are some potential scalps, even potential reversals if the market decides to. 8700-9000 Watch this level! High probability for a great scalp or even potential reversal Have Fun!
As predicted in the preview idea, BTC topped around 12700. The next move, in my opinion, will determine whether Bitcoin is headed towards major correction or not. On the bigger time frame it looks to me that an ABC correction is developing.
Is this a flag or descending triangle? To me it looks more like correction time. Monero had several moves up, now the high probability scenario is favouring a correction. Please refer to the chart for potential targets.
The market is volatile. We expect the violent moves up and down to continue. Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800). The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards. I wouldn't be shorting at this point as the market seems unsure for the...
Again, as i am posting it the price moved.. care for teh red scenario Take profits at the red boxes If there was more consolidation i would have been more confident that the 12300 will be reached, Since the break occured already it is more wise to exit at the first target most of the position.