nsanhaji121

nsanhaji121

Price has reached the bottom of the ascending channel and has formed a falling wedge. Volume has decreased steadily while price has been dropping.. A buying opportunity will present itself when price moves up to 60 usdt with increased volume. What do you think?

nsanhaji121

Basically, a falling wedge has formed. The price is moving at the resistance level at 42.8k. If the price breaks out above this resistance level and above the falling wedge, bullish reversal is likely. In this case, look for an increase in volume to avoid a fake out. Support can be found at 40k. If this support level is rejected, price will likely move down to...

nsanhaji121 Updated 

Looks like BTC is moving inside a pennant. Waiting for breakout below support at 42-44k region accompanied by increased volume. This will signal a bearish movement for now... Not financial advice, just my ideas. Feedback is more then welcome.

nsanhaji121

Price is still moving inside a pennant pattern on the weekly chart. On the daily chart a downward channel is forming. As expected, the support at 42-44k region did not hold. This level has now flipped into a resistance. The next support level can be found at the 37.5k region. Overall, it still looks like the price is moving towards the bottom of the triangle...

nsanhaji121

Price is moving within a triangle pattern as well as forming an H&S pattern. Looks like resistance level at 30.50 - 32.00 region is not holding and price is moving back downward. The next level of support at 25.00-25.50 region coincides with the neckline of the H&S pattern. If the price breaks below this level of support, the next target will be the bottom of the...

nsanhaji121 Updated 

Price is moving inside a triangle ( see my weekly chart analysis); Right now price is moving in a downward channel indicating bearisch movement. Moving averages confirm this.There are two scenarios in my opinion. 1) If price breaks out above channel and resistance level at 27.50 region, then reversal is possible with 30.50 region as next resistance level. Break...

nsanhaji121

Price is moving inside a triangle pattern. Currently testing resistance at 30.50-32.00 region. There are two scenarios: 1) If this resistance is broken, we will be on the 5th Elliot wave aiming for a breakout above the triangle. this would signal a long term uptrend. 2) If this resistance is respected, a H&S pattern is formed and the next line of support at 23-24...

nsanhaji121

Price is moving within an ascending channel (inside an ascending channel). EMA 50 acting as support at 58-60 region. Resistance at 65 has just been broken (candle closing above with large volume). Making this a great entry point. Next target is at top of channel, fibonacci level 1.618 of retracement line AB. After this targt is reached i blieve a correction wave...

nsanhaji121

Price is moving within an ascending channel with support at the 58-60 region. Looks like we might be on the 3rd elliot wave. Also, the top of the channel is coinciding with fibonacci 1.618 level making it a probable target to aim for. The only obvious sign of a bearish revesal is the bearish divergence found on the RSI. However every other signal is showing a...

nsanhaji121

- Price is moving inside an ascending triangle pattern. - EMA 50 > EMA 200 ==> Golden Cross; - EMA 200 acting as support at 22.50 region, also see increased volume; - Strong resistance level at 31.00 region ( breakout above would signal bullish movement); - Possibly on 3rd wave of Elliot impulse waves. Conclusion: if price breaks above triangle and strong...

nsanhaji121

I see to patterns forming on the weekly chart. A ascending channel and a triangle. Right now the price is respecting support support at 20-22 region ( also fibonacci 0.5 - 0.618). Waiting for price to breakout above the triangle ( resistence level at 30 - 32 region) for buy opportunity. Not financial advice, just my ideas. Please let me know what you think.