We are not quite there yet, but it all looks like we are ready for another surge of BTC with the near bullish MACD crossing and an eventual new ATH. Stay tuned.
With the stimulus right around the corner and all the pointed out technical indicators being aligned perfectly (like twice before in the previous months) It looks like we are ready and set for another round of the BTC turbo surge. Expecting a new ATH pretty soon.
Soon we will get to know the resolution of this formation. At the very least we test the 50.5k zone again and I am leaning towards an upwards breakout. The momentum is also increasing.
$BTCUSD made a beautiful descending trendline, which I would be glad to see broken. 'And I kissed her goodbye, said "All beauty must die"' - Kylie Minogue & Nick Cave - Where The Wild Roses Grow
With multiple bounces from the marked support zone and triple bounce off of the bottom of the Bollinger band + what seems like a start of the MACD crossing, it seems to me that BTC is ripe for another round of yolo surge. At the very least, I think we're in for another test of the 42k. Also WSB is probably going to realise sooner or later that BTC is decentralised...
Resistance has clearly been broken. After the weekly rally a pullback is normal, so the real question is whether this resistance can become support and if we can accumulate enough power to continue reaching towards the new all time highs. In my opinion, yes - people that got burned in the previous rally towards 42k and entered too late will have their chance at...
Could a trend get any more clear? Just waiting for the next closing to the bottom/top trendline.
From monthly chart supported by ichimoku, MACD and RSI and all the good news recently it appears to me that we have finally entered the growth cycle of TRXC, which might end at around 40-50$ range by the end of this year perhaps even much sooner, due to historically sharper and shorter growth cycles. I will definitely play this stock for the time to come.
Alright, it broke the bottom level, but I see it advancing in it - today was a bad day for the market. It formed a tiny bullish channel right below the main one and I will be closely observing how it behaves in the next week.
Spotted this pattern - waiting for an entry in case it breaks out upwards.
Closely observing this level - breaking it will imply at least a short term trend reversal, bounce will increase the possibility the stock be driven to even higher highs.
A new, super aggressive bullish channel has been formed and I will closely observe its top and bottom levels. In the short run I think we are all set to go parabolic, however this - as all parabolic moves (apart from TSLA) - is bound to be broken eventually, the question is only when. I might reap my LEAP rewards once the channel is broken and re-enter later, but...
My thorough TA is indicating that we will soon reverse time and probably return to the point of the grand BTC decline in 2017, at which point we will start travelling forward in time again, so make some notes on which stocks you want to bet on when we get back to the starting point, we are all going to be rich!
Well, it can only either break through or bounce off of it towards the bottom of the channel - just wanted to point out that we have reached an interesting point. I'm expecting a bounce but holding my leap. Holding it until BTC reaches 100k.
Entry based on a simple bottom channel touch, which kept on being bounced from.
I have a sense this graph is giving us some clue about its continuation, but I can't exactly put my finger on it
With the continuation in this channel, the target price in a week or two is at least 100.