bottlenekdolfin

bottlenekdolfin Updated 

A new trend line is drawn. We're possibly in a falling wedge pattern which would be bullish, but it doesn't look perfect. There is a bullish divergence on the MFI on the 4-hour chart. My old 10.6k prediction for September seems like will not come true, but we did finish the month bellow the Ichimoku cloud which is going to be resistance. Very low of the channel...

bottlenekdolfin

Daily looks rising on the MFI as well. First 4hr divergence back upward since the 6th.

bottlenekdolfin

Bullish divergence on mfi, followed blue trendline. Buy signal

bottlenekdolfin Updated 

You can see how the price has obeyed the yellow trendline. Generally, in a squeeze, we obey the larger trend and on the 27th we should break out downward. But I doubt that given the next trend support is at 7.5k and I don't think the bulls are going to let that happen. I expect 10.4k, or the red trend line, on the 27th. If we break that we can go to 10.9k at the...

bottlenekdolfin Updated 

While Bitcoin has been having its bull run, and now at a very chaotic state, I can't help but notice alts are underperforming. This makes me worried that there isn't as much market growth as I would like to see and that most of Bitcoin's growth has been from money shifting around and not new money in the market. For ETH, I'm seeing that the price adamantly wanted...

bottlenekdolfin

This can explain a small correction. This divergence disappears on larger time frames.

bottlenekdolfin Updated 

Fear/Greed is at 11, very fearful. We are exactly where I thought we would drop to support, but way faster than I expected. I expected some time at 10.6k, then to 10k with a clear bullish divergence at some point. I see what could be bullish divergence on the 2-hour, and the 4-hour is oversold. The daily still could drop some more on the MFI. If we break below...

bottlenekdolfin Updated 

You can see from the massive wedge that when we tried to break resistance we got reject and pushed way down. If we did break resistance we were in for a nice pump. Likewise, at the bottom of the wedge, we're trying to break support but I bet we won't and will reverse back bullish. If we do break resistance we're in for a dump down to the lower trend line at 7.5k,...

bottlenekdolfin Updated 

I inverted the charts to see if I see anything different. So far for naught. The wedge from earlier, I extended the trend line that followed in the direction we broke. We'll see if that counts as resistance when we come to it. What I can tell is that the "peak" certainly looks like what we'd have traditionally at an overbought peak, with the oscillator diverging,...

bottlenekdolfin Updated 

It appears to be a bullish divergence on the MFI at a 2-hour time frame. We are also at the bottom of the current wedge I've seen played out. I'm thinking a long at this position or wait for a divergence on the 4hr. A stop loss have seemed to have always gotten me hurt, but on a conservative level I would place one at 9k and maybe move it closer to 9.6k. There is...

bottlenekdolfin Updated 

You can see the price made a lower low and the oscillator made a higher low, it is rising. This is a bullish divergence and you should see the price halt and reverse back into a bullish. A 15-minute time frame is a small divergence, so it is best to only expect maybe a few hundred dollars price gain before another divergence brings the price back to bearish. The...

bottlenekdolfin

We can see divergence on the 15m chart. It might be late to get in but you can try to scalp BTC at $100 intervals.

bottlenekdolfin Updated 

Seemed to have a few good days, very bullish. It looked like we broke out of the wedge but people quickly used the opportunity to take profits. We fell back in and now are possibly down again to the 8.5k area. I've been watching for divergence with the MFI but I did not see a clear previous higher high on the chart. Price is likely to not follow the wedge...

bottlenekdolfin

We are now stable at the price where I somewhat expect we will exist August at. The MFI is still high on the daily but not overbought, but still, I would like to see that come down some more, which can only happen if we go down more or sideways for a bit. I'm confident that we are either now at a new higher low or that we'll establish a new higher low at 10.1k...

bottlenekdolfin

The bearish breakout from the wedges is not unexpected. I'm now relying on horizontal supports which are shown drawn at 10.9, 10.6 and 10k. We're pretty low on the MFI (4hr) and I'll wait for the chart to drop to another lower low, hopefully at 10.6k rather than 10k, while the MFI diverges upward, as my buy signal for the dip. The MFI is very high on the daily so...

bottlenekdolfin

The upward trend line (blue) sits at about 11.2k and it extends far back to when the bull run started. The 10.9k is horizontal support, as shown by the line drawn, that sits where the price reversed off resistance or bounced off support. Ideally, I would like to see I reversal at 10.9k with bullish divergence on the 4hr MFI, RSI, Stoch, or any preferred...

bottlenekdolfin

Horizontals line up.

bottlenekdolfin

We broke downward out of the smaller wedge, and now seem to be riding on the support that started way back in May. 4-hour cloud is providing support as well. I'm not sure what's going to happen currently, although I don't think any big moves will occur, no pumps or dumps. I'm going to wait to see what happens over the next 3 days. Likely the price is going to stay...