Keeping my eyes peeled on this potential I-H&S pattern forming on Bitcoin .
Validation will be clear breakout and close above "yellow" neck-line. Pattern will indicate a continuation in trend... Bull Trend Upwards :)
Pattern Target would be set around 9375
CORRECTION @5:46 I say INVERSE H&S and I meant H&S.
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this is only the beginning folks! I see this coin going a total of 100-1000X as it is a unique and amazing project worthy of a top 10 market cap! Long for 1$ per coin extrapolates to 35X gains from here!
Here is an update from my last post (check "Link to Related Idea" at the bottom) from February 2019, with a corrected curve : now, I copy-pasted correctly the exact curve from December 2013 to February 2019, instead of drawing it with my hand. So, the projected graph in light blue is now 100% accurate.
-As I said in my previous post:
"If we use a logarithmic...
First I expect it to hold above the 50 hour moving average shown as support, which I discussed in a post a couple hours ago. If you chart the 50 hour yourself, you can see the major role it has played as support and resistance. There is also a bullish MACD crossover on the 4 hour, although not necessarily a leading indicator. If you check my previous posts, you...
SMA 200 - SMA 100 on 4H should cross in coming days!
They showing the same path like end of 2018 = means algo bots trading mostly this coin!
RSI, STOCH RSI are also on the good side.
Time line and sell target levels are marked in satoshi.
All information is provided in the chart
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The important thing for the bulls is for BTCUSD to stay within the triangle (lines 1 and 3) which will signal a continuation of the uptrend if it breaks above (1-2 days for breakout, I don't see it happening sooner but it could). The second thing is for bitcoin to hold the 50 hour moving average, if not, it could fall below the triangle. Line 2 shows support lines...
Hey guys. A quick Bitcoin hourly chart for you. As support, we have our long term bullish channel. You can see that zoomed out:
We also have a mid-term uptrend as support. This rising trendline could help us form an an ascending triangle pattern on the 8200-8400 resistance. Volume is decreasing at the moment, which shows...