olleyy

olleyy Updated 

BTC looks to be forming a pattern, both possibilities are bullish. - Firstly is this cup and handle forming, this paired with a fibonacci retracement looks pretty confluent. The 0.5 was touched and bounced off, and the .382 and .236 is being well respected as well. This if broken out past the 9700 area will result likely in a 8% gain towards $10500 region. -...

olleyy

Bitcoin was in a long forming wedge pattern and has now broken out of it. I have two key targets: - The 0.618 Fib at 71.30 - The measured move (conservative measurement) at roughly 72.4. At the moment BTC is likely to cool off before its next leg up, so BTC.D will explode with it. I wouldn't be surprised to see around 73.5 be reached. The Monthly is going...

olleyy

BAT had a very nice rally, but as soon as BTC took off there was no chance of further continuation to be honest... The rejection was partially caused from the daily 200MA and the monthly 21EMA. But mostly due to Bitcoin... - Weekly support is around 2170 sats (10 MA), and is sort of the last line of defence for BAT. - Likely to go sideways here while BTC cools...

olleyy Updated 

This looks like it could be a possible Bearish Bat Pattern. Just a possibility, BTC does like to play out Bat and Gartley patterns quite often. - If it drops below the 7900 low clearly, then it will be invalid. The three profit points are based off Fibonacci retracements. Lemme know what your thoughts are below.

olleyy Updated 

TSLA seems to have formed a very large ascending triangle after breaking out of the downsloping channel earlier this year in June. There is a higher likelihood of it to break to the upside, especially after breaking from a long downtrend. There is a 75% chance of it being a continuation pattern, meaning, it is a lot more likely for this to break upwards. Targets...

olleyy

Bitcoin has just managed to close a weekly candle above not only the down-sloping resistance channel, but also it has closed above all major moving averages -> accentuating the bullish picture. Weekly = Very bullish: - Weekly closed on a massive bullish engulfing candle and is well above the 10MA and 21EMA, as well as the channel. - The Weekly Stochs have...

olleyy Updated 

These are my thoughts: BTC has formed a massive falling wedge pattern and is roughly around 200 Days long. We can expect a break out of the pattern within 135 days, but this doesn't mean it won't break before then... Meaning possibly sooner than everyone expects. Everyone was bearish. Let's be honest here, everyone was saying "bitcoin is doomed, this has been a...

olleyy

BTC just smashed through all of the support lines, this is not the best sign, but it is not the last of the support. I have had this downsloping parallel channel plotted out for a while now, and this seems to be very accurate. As you can see, BTC was recently bouncing between the 50% heart-line and the 75% cyan line. It couldn't break above the cyan, thus a sharp...

olleyy

It looks like a pretty obvious channel that BTC is in right now. This is evident from the numerous times it has rejected from key lines (like the top, and the heart-line), and has also been supported five times by the bottom line. This might not end well though for bitcoin, as it could end up becoming a very large bearish formation before another leg down. This...

olleyy

I wanted to try and figure out what pattern this recent price action was forming, and I realised that there seems to be a sort of diamond shape. - Diamonds can form as both 'tops' and 'bottoms', so the only way to know is to wait for a clear break of the shape. Where BTC is right now ($7970) it looks like it needs to hold the bottom support and create a large...

olleyy Updated 

This is a chart of BTC with the style changed to 'Line Break' on the Daily. I looked into some charts that seemed to share better insight into upcoming moves for BTC, and this one was interesting. - Basically, once it lost the 21EMA (yellow) on the second test down, it opened up the gates to the much nastier dump to where we are now, and this coincidentally is...

olleyy

This channel was also obviously paired with the triangular formation that it broke out of on the 24th of September, but the channel is still relevant now. There are many anchor points on both the top and bottom lines, and the heart-lines / cyan lines are being well respected both as support and resistance (as shown by the white circles). - I am expecting that...

olleyy

Bitcoin has just found a little bit of support on the heart-line and also the Daily blue 377 EMA, 2D 200 EMA and the Weekly 50EMA. In the past, the 377 EMA on Daily has been a very good buying opportunity at least on the first test, and maybe it will be the same here now. There is also a Fib where the 0.618 might offer a buying opportunity in the near future...

olleyy Updated 

On the 3D it is looking likely to test down to the green 50EMA ($9000 area), which is also confluent with the red heart-line in the channel. - The 3D stochs, MACD and RSI are looking weak and signal lower prices. On the Weekly chart, there has been three consecutive candle closes below the red 10 SMA, this provided good reason to believe it will test the yellow...

olleyy

Hi guys, just wanted to share my thoughts on BTC quickly. Since April, Bitcoin has been in a massive uptrend, clearly, and I have plotted out a channel with 1 touch on the top, and 4 on the bottom line. This channel has had many times where the heart-line and quarter lines have been played both for support and resistance (as shown with the green). But now it is...

olleyy

BTC is currently in two down-sloping parallel channels. It has formed a lower high, and lower lows to confirm this channel. The white smaller channel has been going since almost the start of this nasty move downwards, and there has been strong support and resistance at points along the channel. Especially where BTC based off at the local low but didn't break it....

olleyy

Look for downside if BTC breaks 9000, it would mean BTC is in a very bearish M pattern with lower highs. It would also confirm a breakdown out of a downwards channel, this would not be good for BTC and could potentially send BTC much, much lower. But if we bounce here and start making some upside, this can be still okay for BTC. If it breaks, I will look for...

olleyy Updated 

Due to the lower high and the three test points we can make this channel for BTC. There is a lot of action at the heart-line as well, both resistance and support, this was evident yesterday where we tested it multiple times and bounced off of it as support. If this heart-line at around $11000 breaks, next targets would be the cyan line, confluent with the...