WorthAShot

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UPDATE 3.1 I forgot to mention that today's drop stopped very close to the previous "B" line - which used to be resistance but then became support. It's a good sign when previous support levels hold. UPDATE 3 The current blue support line for iteration "D" seems to be the same line as iteration "B". This can happen when a market shoots up too quickly. BTC...

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UPDATE 3 The current blue support line for iteration "D" seems to be the same line as iteration "B". This can happen when a market shoots up too quickly. BTC is just taking a little breather for now. Currently the price is at about the same level as iteration "C" of a week ago. So it's holding up pretty well. UPDATE 2 BTC has punched through resistance...

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UPDATE 2 BTC has punched through resistance line "D". Upward momentum is strong, and further upside is inevitable. If it falls back to retest line "D" at $57,500, don't be worried. It has done that almost every time in the past. It can even drop to the rising support line (blue), and that would be normal. The bull run would still be intact. UPDATE 1 The...

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UPDATE 1 The "D" line has been updated to $57,500. I drew the first "D" line prematurely, before BTC had completed its upward spurt. For now, $57,500 should be resistance for a few days (more red dots to come). It should then become support (more green dots to come). When it meets the rising trend line (blue), BTC should then jump higher to the next level. ...

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Hey, folks. The same pattern we saw twice already (patterns marked "A" and "B") seem to have occurred two more times (marked "C" and "D"). Iteration "C" was really short. We can see how $52,500 acted as resistance three times (red dots). BTC then fell to the blue support line. Having found support at the rising blue trend line , it then finally broke through...

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FINAL UPDATE The pattern considered here is pretty much complete, with only about one day remaining. Hence, this will be the final update for this iteration. I extended the blue support line, which still fits the recent drops (right blue dots). These higher lows are a good sign, as they show buyers are stepping up their bids. This is supportive of a strong...

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UPDATE 5 BTC is back above the recent resistance line ($48,000) which has now become support, just like the last time. The pattern seems to still be alive. An upside breakout is expected in the middle of this week. UPDATE 4 Good sign: the recent dip closed at the rising support line (right blue dot / right blue line) at roughly $47,000. This is exactly...

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UPDATE Good sign: the recent dip closed at the rising support line (right blue dot / right blue line) at roughly $47,000. This is exactly what happened the previous iteration, where the price fell to the rising trend line (left blue dot / left blue line). For now, the pattern appears to still be alive. ORIGINAL Hey, folks. BTC seems to be repeating a...

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Hey, folks. BTC seems to be repeating a recent pattern that should take it to around $58,000 by the middle of next week. The first iteration of this pattern (left) saw BTC rise to $38,000 (left orange line). This level became resistance (left red dots) at first. BTC then punched through this line up to $41,000 (left green line). It then retested $38,000, which...

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Hey, folks. BTC seems to be repeating a recent pattern that should take it to around $58,000 by the middle of next week. The first iteration of this pattern (left) saw BTC rise to $38,000 (left orange line). This level became resistance (left red dots) at first. BTC then punched through this line up to $41,000 (left green line). It then retested $38,000, which...

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Hey, folks. BTC seems to be following the same pattern as the 2017 spike, and could climb to $125,000 within one month from now. Looking back at 2017, BTC had two humps, labeled 1 and 2. It then had four zig-zags grouped close together (A to D). It then had two zig-zags grouped close together (E and F). We see the same features this time. We had two humps (1...

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UPDATE Hey, folks. BTC seems to be repeating a recent pattern that should take it to around $58,000 by the middle of next week. The first iteration of this pattern (left) saw BTC rise to $38,000 (left orange line). This level became resistance (left red dots) at first. BTC then punched through this line up to $41,000 (left green line). It then retested $38,000,...

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Hey, folks. BTC seems to be repeating a recent pattern that should take it to around $58,000 by the middle of next week. The first iteration of this pattern (left) saw BTC rise to $38,000 (left orange line). This level became resistance (left red dots) at first. BTC then punched through this line up to $41,000 (left green line). It then retested $38,000,...

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Hey, folks. BTC seems to have support at around $44,000 (green). However, it is in a consolidating down-wedge (blue), so it could drop through $44,000 over the next day or two. Even if it does fall below $44,000, it is still above the recent rising support line (yellow). BTC should break out of this channel this weekend.

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Hey, folks. The $38,000 area had been resistance for BTC for the past three weeks (red dots), as it couldn't break above it. But recently, that same level has become support (yellow dots). This is generally a bullish sign. It means the obstacle has been overcome, and is now lending support. Also, this same $38,000 level is on the rising trend line (blue), which...

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Hey, folks. BTC is at another critical point here, close to the tip of another wedge (blue). The last time this happened (green) was just a couple of weeks ago. At that time, BTC broke to the downside when it neared the apex of the wedge. That was because the new trend (the shorter green line) was descending, while the older trend (the longer green line) was...

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BTC is at a critical point right here, at 34,700. It has to hold this line. If it spends one full day below this line, it may continue sliding down. However, if it does break down, it would be prudent to take advantage of the lower prices to add a little on the way down, perhaps buying a little every $1,000 down. We know at some point in the near future, BTC...

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BTC - A break-out is about to happen within 1 to 3 days, as the price is being squeezed into a corner. It's going to have to break - either up or down. Let's hope it's up!