m44kka

m44kka

You can see the price of bitcoin has adhered to to these support and resistance lines for the last few weeks. i think this is a good channel to follow to predict the price movements for bitcoin. The 50% line on the channel can be regarded as important too.

04:32

m44kka

Just a quick update on the BTC charts

m44kka Updated 

As we continue to trade within this range, BTC once again approaches another level of resistance. With news of greyscale and other FUD plus low volume, the data suggests a more bearish direction for BTC in the short term. I will be watching closely the price action within this region. Failure to breakout, i have put some lines of possible support.

m44kka

Just a pattern formation i see might happen. Falls just below another long term level of resistance. Breakout past 1.80 could be seen as really bullish especially as we approach the launch of Alonzo and smart contracts

m44kka

I expect ADA to get rejected at 1.60 as BTC also approaches important levels of resistance. Here is what i think the price action of ADA could play out in the next few days.

m44kka

I have to admit, its not the prettiest pattern and there has been fakeouts that have invalidated previous patterns. However, from the neckline 40k is the target

06:11

m44kka

Quick update on the BTC chart, following the double bottom formation and Wyckoff accumulation schematic

m44kka

After a retest to 30k, BTC demonstrates again huge support at these levels as we approach another impulsive move to the upside.

03:17

m44kka Updated 

Quick Update on the ADA chart

03:18

m44kka

Another update on the BTC chart

05:51

m44kka Updated 

Just a quick a look at the BTC charts today as we have had another dip.

m44kka

Okay, I believe that the death cross will have very little influence on the local bottom of BTC price as I think it's already been factored for. An interesting pattern i can see forming is an ascending triangle pattern with the Gann line as support and the red zone as resistance (area between the 55 and 200 EMA) . I believe once BTC is able to break past this...

m44kka Updated 

We broke out of the ascending triangle (bearish) however, you can see we have also now broken out of this falling wedge pattern (bullish) and now creeping back up towards the ascending triangle (Busted Ascending triangle Pattern Bulkowski). There will be strong resistance around the 1.60 - 1.65 $ region, but strong buying volume will lead us back into the triangle...

m44kka

An ascending triangle is formed by equal highs and higher lows. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as a continuation pattern in an up-trend but is a strong reversal signal when witnessed in a down-trend. This pattern can also be observed on the ETH chart.

m44kka

We are very close to forming a double bottom formation. As you guys know, this is a bullish pattern and a line from the top of the W to the bottom can indicate the next breakout target. I see that 44.5k as possible target. This also follows some of the resistance that may be met from the Gann lines. So far these Gann lines have worked really well for support and...

m44kka

Building on this chart, my previous prediction set a target of 100k BTC sometime in September. However, if we fall into a temp bear market, the cycle is likely to be extended. I have set out two more possible targets for BTC to reach 100k using the GANN fan. So far, on multiple occasions the Gann has acted as long term support and resistance for BTC to adhere....

m44kka

If BTC can put in a green candle tomorrow (Monday) then its possible we can break out of the current resistance level and use it as support moving forward. Breaking above the 55 daily moving average i feel would put us back in the bull run. Looking good so far. Refer to my previous chart to see what i think BTC will do for the next couple of months.

m44kka

As the sentiment in the crypto space is becoming more bearish, a relief rally will liquidate many holders. Compared to the 17 cycle we could expect a instant bounce back to the upside and continuation in the bull market till the top. In 13 however, it took 6 months before we saw any breaking of previous highs. I expect something in the middle will happen in this...