pnaik732

pnaik732

has formed, although with a diagonal neck line consistent with previous call to upper 24k region not financial advice

pnaik732

My opinion is that BTCUSD will return to the long-term down channel. Target just under 25k Not financial advice

pnaik732

Long to just under 4k, then expect a pullback Not financial advice

pnaik732

still not launching up from here, but at least this support continues to hold long consolidation still continues

pnaik732

BTCUSD has broken out of the down channel (again) and the most important line (again) Will these lines hold? If so could be the start of a reversal or at least a bear market rally If not, expect retests of the channel and line which are now support

pnaik732

breakout of the major trendline, but now into the top line of the old down channel a breakout above the line could mean a big run for bitcoin, maybe up to horizontal resistance above 36k, or more

pnaik732

BTCUSD has made a strong move to the major resistance line. Short term traders sell here. Bulls look for a breakout and confirmation. Not financial advice

pnaik732

could break either way on the upside 28.6k is holding, and also the rising support line is holding on the downside there is heavy resistance above

pnaik732

a really nice tail candle developing on the 4h. Potential evidence of 28.6k as a strong base still. Definitely an entry point for a short term trade; for the long term who knows still. Not financial advice

pnaik732

After a false breakout and subsequent breakdown of the inner triangle, price has once again settled above the inner triangle and is now confirming on the 4h chart. If this can break out the target is the next triangle (the downsloping line above)

pnaik732

There was a downward channel which was recently broken. BTCUSD is now re-testing that channel, after bouncing off of major 28.6k support. If BTCUSD can breakout upwards this is a good sign for at least a quick run higher. Otherwise back down to 28.6k we go for another test.

pnaik732

bearish short term pattern look for retest of 28.6k before further moves up

pnaik732 Updated 

higher highs and higher lows on the 4h. Needs to get up above the big trend line to get temporarily bullish. Otherwise can retest channel lows and 28.6k

pnaik732

Just one day, but there is no confirmation of the break below 3980 just yet. Resistance just near 4050 let's see what the market decides

pnaik732

Breakout on the very-short-term downtrend Still needs confirmation / could reverse cautiously optimistic short term

pnaik732

there is some fight in this market, but confirming below the long term trendline would be bad news still have another day or two to see

pnaik732

I can admit it, have made a few good calls but lately I've been wrong more than right. But hey, I'm learning If 28k can hold then there's a chance we climb on a relief rally, could be a powerful one even if there is some good news, but right now there's pretty much none other than yields coming down a bit otherwise if 28k does not hold look out below good luck everyone

pnaik732

very oversold condition If it can reclaim 3970 and the long trend line there, go long for at least a bounce otherwise... *shrugs*