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Bitcoin's GUNNA MOTHER HUGGING EXPLODE.I have been feeling bullish for a while now, and there are a lot of false signals out there, but after bitcoin cash popped, I felt something was different. So, I have been on the bear train for a while now, and I have been saying I'm pretty bullish a person, so here is my bullish take on bitcoin right now. Because this is going to be a change in market direction, I will do my best to support my argument. Anyone is also welcome to shoot me down, I would appreciate counter claims. Crypto Space Summary: Currently, there are a lot of daily divergences in the crypto space, I do believe that coins/tokens/etc, will be popping off at different times in the market, so its possible to make a lot of compound gains. Keep an eye out for good set-ups. You can see there are a similar pattern in the April price jump. The similarity is more apparent when you compare against the 4 hour time frame. Bitcoin Analysis: So we all know that bitcoin likes to put on a show, and I think that's what we might get here. I am about 60% bullish and 40% bearish at the moment, and I am only bearish because its still possible that bitcoin breaks out in a downwards direction and I am pulling this pattern out of my ass. Main Points: 1.) First, I would like to mention that the RSI, is showing a symmetrical triangle, so it is possible that bitcoin moves in either direction. In addition, I would like to mention that the lower bound is trending higher (that's half of what makes it a symmetrical triangle by definition) however, the price of bitcoin more or less is at roughly the same spot, other than a small arch, so although this is not technically a bullish divergence, I think that there is something odd happening with the price in relation to the RSI. In essence what I am saying is that the RSI is forming a symmetrical triangle, and the charts are forming a type of descending triangle with virtually the same low, this means that the top of the triangle on the RSI is providing resistance, so, I suspect we will break it. Looking at the weekly RSI, there are several failure swings, because of how the RSI is calculated using the closing price, as opposed to the lowest points. Because the closing price is lower on each weekly bottom, but the RSI move slightly higher. I know its really small, but its there. 2.) This triangle has weird mix between a flat bottom, and a rounded one. On the weekly, the bottom of the real bodies have more a flat bottom; however, on the daily, the real bodies form a flatter bottom towards the center of the arch and then it begins to slowly trend upwards. While at the right end (currently) it looks like a type of tower bottom, in which candle sticks at the lower price point are declining in size emphasizing a possible shift in market dominance and the selling is weakening, so it appears that there could be a large spike. 3.) This could be a type of double bottom, known as an eve and eve double bottom, in which both bottoms are slightly rounded, and the second bottom has less volume than the first one. IF this is the case as well, then the analysis would be similar and the price objective of both of them would be around 8000 and if it does break upwards, then I see 10000 as a strong possibility. Trade Smart, Hedge Risk, and Make some money you guys! IF it doesn't break the trendline, my previous bearish analysis still holds, and we are in a prolongs bear flag:

Bitcoin Looking Strong So the price of bitcoin went about 200 dollars above my target and Right now I am using the bitfinex chart because it is leading the way in terms of bullish strength, which makes sense because it also lead the way in bearish strength on the downfall. There is a possibility that if this strength persists it may be able to break out to make a higher high, above 8500, however, if it doesn't then the bulls on the exchange are fighting to get slaughtered. Also, it appears that a lot of the whales have shown their faces, buying and selling, opening large short sells a lot right now which I think is an interesting note, including a 10000 bitcoin worth of shorts, which I believe is owned predominantly by a small group of people or an individual. That's a big short, and it was a smart positioning, so these are definitely whales fighting it out or whales appearing to fight it out to get a good short position or any other realm of possibilities. Right now in Bitcoin: There is a strong channel and there is a symmetrical triangle in that channel, so it can break in either directions, if it does break downwards, I think the bottom of the channel will provide strong resistance, enough to catch it; however, there is a huge morning star inverted hammer, huge. And it marks a strong resistance at around 6430, a close above this wick would how strong bullish meaning and it would indicate a lot of weakness in the bears and it would also mean that the bulls will most likely test the 7700 to 7800 area. If something like this does occur, it may cause a short squeeze, a big one, but I do believe that short is smart money, because of the placement, its really truly phenomenal to witness smart money at play. If the support of the channel is broken, I believe the bears will most likely retest 6800 and I think it will most likely break. Key Points: 1.) On Bitfinex, Bitcoin is in a strong ascending channel with a symmetrical triangle (in yellow) inside of the channel. The symmetrical triangle can break out either direction, but I do believe that it is more likely to break in a downwards direction because of the inverted hammer which I would like to add had more volume than any point on the rise and each rejection at the bottom, the price objectives of the symmetrical triangle are 7090 if it breaks out to the downside and 7455 if it breaks to the upside. However, I do think that the bottom trendline, could catch it. Please note: nearly all other exchanges do not show a symmetrical triangle or an ascending channel, instead they show a bearish wedge and a head and shoulder topping pattern. I will be posting an update of this on this thread. 2.) If the triangle breaks downwards, I do believe the bottom of the channel can catch it, however, if it does not get caught by the bottom of the channel, I believe that it will test 6800 and it will bounce to form the right should of the head and shoulder topping pattern, or it will completely roll over, because I have thought something would have been resistance supported by TA and it just fell through. 3.) One last thing to take note, is that there is a possible falling three methods* on the weekly, it was something I was keeping a close eye on because if it does come to fruition, it means there will be a huge drop incoming, it is important to question the validity of this though because the third rising candle shouldn't close above the support of the first weekly candle, and it closed about 200 above it. But that is text book falling three methods, in the real world, not everything can always be so clean. *Falling three methods: about a 5 candle pattern, the first candle is a large decline, and the "three" which can be 2 or more than three but three would be best, should be within the price range of the much larger falling candle. The last candle, the final move of the candle stick pattern, is a significant decline roughly the size of the first candle stick. Last Analysis:

Japanese Candlestick Guide Here is a quick guide to Japanese Candlesticks. I went over the basics of candlestick construction & some of the common patterns we see a lot

TRON!!! Where Are The Supports? Whats Going On? WHAT DO I DO!?!?(The analysis is down below, Read for priors) Hey guys, I'm back with a better analysis of my favorite coin TRX/ETH and like everyone else, I was confused this morning waking up to TRX/ETH being up 33%. While I have nothing against TRX/ETH being up, WE have to understand why. First thing I do is check Twitter and there you have it Justin Sun, my main man, the legend, the one man army, tweets, "#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in http://bithumb.com" But that's not all, there more. "TRX/KRW trading pair is now available in @UPbitExchange." This is the Creme-De-La-Creme. The Finger Licking Good News. He finally got a TRX/ETH to fiat trading pair on a PROMINENT Korean Exchange, UpBit! Now we're not talking some small money here because this is the real deal. How real? Well TRX/ETH is the third most traded coin as of writing this, 200m shy of taking down TETHER! Basically, he just added 500 MILLION dollars to the liquidity of TRX/ETH and placed it as a prominent coin. Not one that jumps up 60% and then gets hit by a 51% attack on its mining. (Ya its a rip, take it as it is). But let's get into the meat. After all, we are traders here and not blind to the market. So let's look at the technicals. (I mainly use Japanese Candlestick Charting with Western Technicals) First off, right off the bat. We have a VERY STRONG Resistance at the .000012xxx/ETH exchange rate. The first time we tried taking it down we developed an Evening Star Pattern on the candlesticks and immediately after we also developed a Bearish Engulfing Pattern on the candlesticks which were not good signals and they subsequently became a SELL indication. It brought us down to around .00008xxx, where we got a clear Hammer, a buy signal, and created a support which was confirmed last night with the Morning Star Pattern. Together, these patterns confirmed a short-term support around the .382 Fibonacci Retracement. Cut and Dry these are simple techniques that I use to see where the resistances and supports lie. So this is what happened, Now let's try to look at whats going to happen. So there are a few scenarios. First off, the volume is shrinking, meaning we are losing buying pressure since the pump and we may see a sell-off in the near future. While writing this there also seems to be a confirmation of the Evening Star Pattern, a sell signal, the pattern being a Green bar followed by a bar (could be buying or selling) that doesn't close at the top of the real body followed by a Red bar that closes into the previous Green body. There's also a highish RSI. Generally, this indicates a reversal, so watch out. But, where will we reverse too? The answer is we wait for the confirmations. If we see a pattern and it confirms then we can buy and sell based on these patterns. TRX/ETH has its supports, which are indicated on the chart, so you have to watch for those to be key indicators for major movement. My best guess would be that if we drop down, we will probably see the bottom of the uptrend channel at around .00084xxx. and if we are able to hold great but if not then we will have lower lows. Personally, I would rather go sideways and maintain our exchange rates than risk dropping up and down too quickly, creating more unnecessary volatility. In addition, if you're a hodler that's fine by me. I honestly don't think you'll lose out by holding until May 31 and this is just a short-term analysis. Hold and you'll be fine too. See you later, and if you liked my analysis give it a Thumbs Up. It's Much appreciated. Comment below! THANK YOU!