On the short time frame 15 minutes the future looks bright ~ will the bears spoil the party :)
With all the interest rate hikes the question will be are they all priced in? thepatternsite.com
It looks very likely we have put in an Adam Eve double bottom! thepatternsite.com
With all markets eyeing dollar($) strength has Wave V reached its peak or more to go?
Yes El Salvador bought the "Golden Pocket" according to news feed ~ maybe a very smart move!
It looks as if we have broken a significant support level around the 2017 high and acting as a neckline for the Adam & Eve pattern ~ targets as per chart! thepatternsite.com
It is always clear well after the event how these two patterns(Macro Rising Wedge with an internal Head and Shoulders) have impacted bitcoin with two different targets but both being met in full in my opinion! thepatternsite.com thepatternsite.com
I t can now be seen we have tapped the lower diagonal of this curve which only happened in the Covid-19 debacle!
For me this has reached or near to the bottom using these targets! school.stockcharts.com
It could be that we are done here completing the fourth wave(4) and (Y) wave of the Elliott wave WXY with the target of 1.236 Fibonacci level of 1.236 having been front run or still needed to be retested?
So with increased volume we have broken the upper diagonal of the "Extended Descending Triangle" lets see how far we can go, preferably to the neckline of the Bump & Run pattern (Target $34.5-35K?)!
Heavily oversold on RSI on all time frames and trying to establish a bottom, this "Falling Wedge" and other confluence of 200ema(Weekly)/channel/logarithmic growth lines may give some indication of where we might stop?
Well either my chart indicators are wrong or is it a 2X "Bullish Pennant" has it?
I have to admit to missing this Head and Shoulders at the time but it is obvious now and made target! We are now confronted with my previous analysis which looks to be a "Bullish Pennant" which means breakout is imminent? thepatternsite.com thepatternsite.com
In my opinion we are making this pattern so gone long bitcoin again! thepatternsite.com
I am wondering what will be the catalyst, if any, to make this go to the neckline of this potential pattern? tradertactics.wordpress.com
Too early to confirm whether or not this pattern is in play but it is exhibiting all the early signs of a Bump-&-Run Reversal Bottom? thepatternsite.com
This reminds me of January 2015 when I fortunately managed to catch a falling knife but not to be recommended unless you have big Cahoonas!!!