PotatoKing21

PotatoKing21 Updated 

The best sign that I've seen to date that the bear market has really ended and the bull market is on, is the recent break above the downtrend from ATH (pink). This line connects the 2017 ATH at 20k to the June 2019 high at 14k. It's the highest possible diagonal resistance you can draw, and it has finally been broken. So it's a great sign. However, there is still...

PotatoKing21 Updated 

Today's bullish break of 10k is very nice to see. After over a month of consolidation in this range, we have finally broken to the upside. However, in my opinion, there is a decent chance that this ends up just being a fakeout before we revisit the lows. First of all, the fact that we are above the 200d, 100d, and 50d MAs is a bullish sign. It is also reassuring...

PotatoKing21 Updated 

I believe we're about to see BTC dip down to the low 8k region by the end of May to retest the important confluence of 200D and 100D MAs. This dump should reset some oscillators and hopefully be a strong test of liquidity. I can see a wick to the 7.5k zone as well if the dump is more violent. The 50/200D MAs just had a golden cross, and recently these have...

PotatoKing21 Updated 

Yeah so ETHBTC is looking like it wants to go up. You can see this with buy volume starting to outpace the sell volume. However there's a lot of resistance overhead. There is the 50d MA at 0.021, the downtrend from Jan 2018 at 0.022, the 200d MA at 0.024, historic horizontal level at 0.025, and a more recent downtrend from Jan 2019 at 0.026. Maybe after ALL of...

PotatoKing21 Updated 

See that yellow line there? That's the long term trendline which dates back to 2015. It's kind of important. If we want to see alts remaining bullish, we really want to see that line hold. Of course, there's the fakeout from a couple weeks ago, but if it breaks down again, I really don't think there would be two fakeouts in a row. So if alts are going to bounce,...

PotatoKing21 Updated 

I think Bitcoin is due to go up now. BTCUSD found support at the 200d EMA, which I traced on my chart, and has had two rejections from breaking below, both with fairly high volume. Good sign in my opinion. Not to mention that 4h bullish divergence between price and RSI. Also there is perhaps a falling wedge to watch out for. Bitcoin has a lot of work to do if...

PotatoKing21 Updated 

This is a pretty good pump, yeah, but we're not out of the woods just yet. Look at how perfectly BTC retested the 200d MA. Perhaps a bearish retest? If BTC is really out of the woods, it needs to pass 4 levels of resistance: the 200d MA, the 100d MA, the ~9400 resistance level, and the downtrend from 14k. I'm cautiously bullish here, but if it goes back down to...

PotatoKing21

I traced the 100d MA and 200d MA from the daily chart (so it isn't perfect) but it is clear that we are coiling for a big move right in between them. There's some pretty hefty resistance at about 9430 or so, and if we get over that I'd say we're good and this massive bull flag is gonna break up. But I'd say 9100 is also pretty important, I don't want us to stay...

PotatoKing21

Bottom out at about 60 billion Consolidate around 75 billion for October and November Rally to 110 billion

PotatoKing21

Capitulate down to ~0.0000025 Bounce back to 0.000006 Go sideways for a couple months Rally to about 0.0000085 in December

PotatoKing21

False breakout from falling wedge Fall down to 0.015 by mid September Rally to 0.018 by end of September Range until December, where it rallies to 0.021 and then cools off for a while

PotatoKing21

Consolidation in the same range for another month And then impulse up to 14.5k We find minor resistance at 14.5k and break through within a couple weeks Rally up to 17.4k Major resistance here, takes a month to break it Back to 20k by EOY

PotatoKing21

50% drop to about 5,000 sats And then a rally to over 20,000 sats by the end of October

PotatoKing21

I think we will see a retrace very soon, to one of three price targets: 7150, 6950, or 6800. After that, we should go up towards 7850, which is the price target for the iH&S.

PotatoKing21 Updated 

I've got a best-case scenario and a worst-case scenario. Both scenarios have us bouncing around in the triangle for another month or so. If we break through the top in June, I think there's a good chance that the bull run will resume. But if we get rejected at the top in June, we're gonna be in for a bad time. A very bad time.

PotatoKing21 Updated 

Things are looking good. An Adam and Eve Double Bottom appears to be playing out. Confirmation at $11,700. Possible target is $15,000.