We had a nice bounce off the .618 inside of the handle confirming this chart pattern. Another key to this pattern is the volume and as we see right now we are having a breakout. Oversold on the RSI makes me think we will see bullish continuation.
Not a clear buy signal for the moment, but still an idea that we should keep in mind closely. Big profit possible in case of a breaking of the resistance, stop loss necessary.
This fractal reminds me of $XRP before its final 5th wave breakout of its Ascending Triangle. Against the dollar the triangle pattern is much more defined compared to these volatile Bitcoin charts. Look to enter back on support of the .618 and Ichimoku cloud support. Still a little more Bearish movement to go according to the Stoch RSI so enter near that trend line
GRS has bounced in a double-bottom pattern on the purple support line, and on the 32.8% Fib. retracement. There is a chance to test the next resistance on the 50% Fib. retracement at 0.000105 BTC.
I posted my very first chart on September 29th. This is an update to the previous idea for $GRS.
I have predicted the breakout since the first time I charted this coin but I had the wrong beginning of the cycle labeled. I made some small adjustments to the chart and updated some trendlines. I think we could see a cup and handle forming here. If C&H forms we can...
Looking like another breakout is coming. There has been a ton of volume and price action over the past day or so. There is resistance/support at 6K so hopefully it can get back above that. Next support is at 5500 if it keeps going down. Hopefully, after that we will have a break out. I have been swing trading this over the past day with due to the osculation in...
Early entry - red. Good entry - blue. Perfect entry - orange or lower. Mid term targets are 3000, 5000 and 13500 sats. Correlate your entry/exit with $BTC movements or coin’s updates, news, announcements, etc.
