dips give clarity lol use paths dyor considering whatever btc does we would either get a resistance touch and correction or a breakout either way watch celer hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhht tvis this less brief
you ever heard of a broadening falling wedge well looks like btc is having it a bounce to 63k first? create a lower high then aanother reversal to 53k or breakout at 64 then a new high at 70k n:b if btc test 53k at the final bottom of the wedge then we are trading a bull channel price could go parabolic, however if price breaks out at 63k area we start to...
the paths are explanatory but apparently tv wants a detailed description apply proper risk management
i think the paths are self explantory lol!! a breakdown below the raw considering what btc decides to do can send rune plunging
going by whats in front of me i'd say btc could go either ways up or down and who knows, perhaps i am overthinking this its safe to note that a reversal or continuation pattern will confirm or debunk my idea one last long or a big ride to the weekly bottom
Price retesting wedge support/resistance in an ascending triangle if breakout is achieved wedge can continue to take shape Note ascending triangle is small and small pattern have smaller effects as opposed to bigger ones, an example is the green falling channel with it resistance constantly being tested the resistance in the channel causes rejection allowing...
Price might eventually breakout today. its all on the chart mostly intraday F A is also bullish
Stay neutral until the inverted h and s doesnt hold then the general break out is false and we are in a falling wedge if wedge support doesnt hold the the past few days on the daily has been a bear flag and we are heading further down however btc fundamentals are strong But if inverted hands holds the we are just retesting support and we could go higher
Falling wedges are bullish scenarios but looking at the big picture its a bearish setup I will place buy orders at support watch price test wedge resistance if theres no breakout my stop loss will cancel trade with 0% profit or loss Meanwhile for shorters this is the best sell position Nfa dyor
Btc could fall below 20k before rising to 100k region however if we breakdown 14k support we might go lower Look at the previous ichimoku patterns in bear markets compared to what's happening now its all just market cycle repetition Nfa Please dyor I didnt really go all out on this analysis its just for fun ²
btc : FA seems bullish with the miami event upon us while i slept btc broke down the wedge like i said it would, going low as 35k which happpens to be a major demand zone., as expected price was rejected from this area and there was a 5 percent move up I use 3 time frames the 4hrs 1hr and 15min i also use ichimoku and bollinger bands Ichimoku analysis...
btc generally could be creating a potential higher low until we beat the 44k region higher we are still in a bear market so please trade with caution in realtime if the on the 4hrs wedge doesnt breakout there will be a retest of its support, consequently allowing for panic selling which could lead to a breakdown and eventually completing the pennant use tight...
btc has finally hit resistance at the top of the rising wedge a break out from there would also be a breakout from the pennant and we can finaaly create an higher low in the big picture mean while if it retraces to the bottom of the wedge betwenn 38k and 379 more selling could come in breaking down the wedge and completing the penant remember not to fomo...
this is an update on my analysis from the previous day just as i said scenario b and c are playing out b is if btc breaks resistance theres going to be a push to 44k if theres no breakout theres going to be a move to 25k if btc does breakout we can expect altcoins to rage giving us 20% and 30% alike
BTC is sitting on critical support in a rising channel there are 3 scenarios i think could happen A is a rise to 38k before falling which will complete the pennant b a breakdown from support which will complete the cup and handle c is a breakout from the triangle at 38k scenario c and a looks more plausible because price is sitting on the lower bb on 15m and...