tokeylokey66

tokeylokey66

BTC looks like it had trouble having a break out from Inverse Head and Shoulders. I was almost certain it wouldn't have enough buy power to hit the targets the pros gave us. I'd like to see us go down to 9.5k area support.... i'm not sure it will hold. If it breaks through i can see us going to 8k before bouncing. I feel like 8k might just be the new bottom for...

tokeylokey66

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tokeylokey66

Mini bullflag seems to have formed and broken out not hitting the target yet. A rising wedge has also formed, meaning BTC could break downwards where i see it bouncing at where the red dotted line ends at around 10400 i believe before moving up again. If bulls keep pushing foward and BTC rises i see it completing the whole Inverse Head and Shoulders and being...

tokeylokey66 Updated 

If this little rally continues and forms a Bull flag. BTC could potentially break out and hitting 11.8k to 12k target. This would then also complete the reverse head and shoulders others are seeing. Would it break out from there? I wouldn't think so, but let's see if this plays out. If it falls out of the flag formation i can see it trading in the light blue...

tokeylokey66

Unlike certain 'pros' i've been in this TA game for 3 weeks, difference is they like to over shoot everything. I like to give a realistic target to things. Pros said we are in Inverse Head and Shoulders, where the break out would take us to 18k. I wasn't buying it for a second. I'll keep this short and simple, bitcoin will either bounce off the lighter blue...

tokeylokey66 Updated 

Bitcoin has been struggling for a while now with its down trend channel. I see a possible break out hitting the top area of the green dotted line before coming back down. Or i see Bitcoin reversing back down and testing support in the 8k - 8.2k area before launching up. I am thinking the 2nd scenario is more likely, i have strong doubts that it will hit the...

tokeylokey66

Brand new to TA , don't hate on my noob skills! Pretty obvious Head and Shoulders forming. Looks like it'll complete, even if it doesn't. I feel we are over bought and due for a nice correction before we can moon. I've been bearish for at least a week now. We broke out of our up trend channel not by a little but by a lot. I feel like bears are hiding waiting to strike!

tokeylokey66

Bull flag formed, doesn't mean it'll break out upwards. It can be faked out by bears, what do you think it'll do? Also, this is my first time doing TA. I really just want to be able to chat and comment but need reputation points first :)