In my opinion the purple falling wedge pattern is invalidated as we broke out too early; therefore we will not be seeing a target that is equal to the height of the pattern. It seems that we may now find ourselves within symmetrical triangle which could take us either way…
At the first testing of this support zone we rolled back upstairs now we are testing again this support zone without the aggressive buy-back so there is a high probability of testing a new support zone
In chart 1 day I see BTC break out trenddown in mid-term. Now we can zone support strong in 5800. MACD in dip and in Triangle Pattern Which will it go up strong in mid-term. I think BTC can go up to 6800 - 7500 - 8000 When Volume BTC increase and price BTC breakout 8000. We can accept it bounceback verystrong to 10000+ Thanks
Trying something new. Achieving targets from RSI and price action. Let's see how we go. This is a method taken from John Hayden's "Complete RSI Guide" - 2003. He uses MDRP (Momentum discrepancy reversal points, pretty much what most people call hidden divergences (i think hidden divergences is wrong, so I'll be referring to these as MDRP Ups and Downs) Pretty...
The head and shoulders with the development for the entire length of the previous fall
Rather than add more updates to my existing analysis as it is getting rather long winded I decided to create a fresh one to plot the rest of our journey down the falling wedge . We are currently forming a small symmetrical triangle that will send us down to 5560ish. We will then trek sideways a bit longer, before hitting former support/now resistance 5770ish...
Ok, as per my last analysis I discussed the possibility of a falling wedge reversal pattern forming. We actually fell through the bottom of the previous falling wedge I drew, so I have now recalculated based on the updated price movements. I still believe the falling wedge reversal is the most likely scenario at play; and these latest movements actually indicate a...
Strong divergence (I expect a strong rebound) it is possible to test the support line of the downlink if the support at 6k can not stand
Today we have a huge H1 candle with good volume. That is a good signal of pullback. Is expected the price touch in the top of downtrend channel. We are far from a reversal, that is only a pullback for now.
Ok, so in my long-term prediction I discussed the possibility of a falling wedge reversal pattern forming which I now believe is the most likely scenario at play. As you can see we are now expected to go up to around 6400 before retracing again. All these shorters are likely to get rekt very soon! Some shorters probably think we are printing a bear flag, however I...
As per my last analysis – the symmetrical triangle pattern has played out. If we don’t go any lower, then we might be forming the purple falling wedge reversal pattern. This pattern sees us start to move higher (to around 6400ish – April low) before sinking us all the way to 5780ish where we have strong support. From here based on the height of the pattern, we...
Shorts are dangerous On the daily indicator double convergence Better wait for the release of BTC from this wedge In this situation I will only go with the purchases
If you read my previous analysis then you would have seen that I identified a symmetrical triangle pattern that would potentially send us down. Well as it turns out; we didn’t see the confirmed break to the downside we were looking for and the crisis was averted! Or was it… We now find ourselves with two potential triangle patterns at play which could take us...
I expect a way out of the wedge with a test of the resistance line of the descending channel
In chart 1 days MACD and RSI look downtrend We can two choose BTC can go down to zone 7140 and bounceback But if it crash down zone 7000 Btc can test zone 6500 - 6700 in short-term Then bounceback This is time buy more btc Because Stockmarket doing dead Blockchain doing well A fews country and company will join cryptocurrency in Q3,Q4. Maybe They want buy...
Fall correction Mini long: Buy: 6747$ Stop: 6500$ Target: 7100$ Term 2-3 days