Looks to me like we have an inverse head and shoulders pattern on 4HR. Measured move is $9.5K. Happy trading!
possible mitigation of bullish order block to futher upside movement
TRADING ACTIVE Trade Entry 1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone. 2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may...
BTC has broken out of the $7k range. Next stop is $8k around the 10WeekMA. If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher. RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily. My Opinion - We will likely head to the $8k area and reject on...
GBTC and BTC are consolidating in the tip of the wedge everyone is watching for months. I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case). RSI is already low and suppressed for some time now. MACD is showing signs of flipping on Daily, but is not there yet. Multiple gaps to fill above price. Price...
While we wait for BTC to complete the wedge pattern, all we can do is provide possibilities for outcomes. I see this pattern as a giant bull flag (like other patterns in Outter Space chart below). This would imply we are in the end of the consolidation area, tip of the wedge. My opinion is to dollar cost average (DCA) in the current price down to previous lows of...
Daily trend on BTC is bearish. Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart. RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO. Halving is 5 months away. Based on previous patterns, we should see price increase into halving. Green box on...
BTC is in the Buy Zone (current price down to $6800). I do not think we see the Nov.25 low of $6500 again. RSI is currently below 40. RSI was recently as low as 22. If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish. Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate. This would...
BTC may be entering the Buy Zone into the end of the year. 10WeekMA looks to intersect with price (unless we get a selloff) around Dec.31. When price goes above moving average we should go up for weeks. Next Weekly trend is bullish on Filter Dots. Anything around $7K I would be buying for long term holding. Thank you for liking, commenting, throwing up a chart,...
All daily trends are holding - showing RSI trend is bullish and next overall trend will be bullish. Capitulation dots confirming we are bottoming into the point of the descending wedge. Buy Signal is showing on Daily candle. We may get a Daily sell signal in a few days as we get another dip down into the tip. In the next 3-5 weeks I think will be the last turning...
BTC showing several bullish signals going into the turn - up into halving. Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+. Buy zone is getting smaller which is a good sign. Bullish RSI Divergence and next trend showing bullish confirm we are in a turn. Capitulation dots show we are towards the end of the downtrend - almost at...
The 4Hr bullish support line (green diagonal line) is holding. Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible. Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly. Filter dots show next trend on 4HR is bullish. Next EMA Cross...
Sell on the Daily but a Buy Long Term. BTC looks like continued bearish consolidation BUT...we are close to the turn. Looks like BTC may want to play down into the $6500 range. However, it may not. If you want a good price, but worry about getting left behind wait for price to enter anywhere under $7k and make small purchases. Based on previous patterns and...
BTC overshot the support (like usual) and is bouncing back strong into December. Confirms Bullish Trend - RSI broke downtrend. Low and plenty of room to rise. Filter Dots show bullish trend just started. Intraday Momentum (bottom indicator) was totally bottomed out. Plenty of room to rise. Bullish EMA Cross incoming on top chart around $8000. If we get above...
We have finally reached the end of this descending wedge, suggesting a bullish breakout. The price position in the bottom resistance towards the end of the triangle suggests breakout through top at end of wedge. Daily candle today is flashing a Buy Signal. RSI trendline is almost ready to be broken. Fisher Transform flip to bullish occurred. Bullish confirmation...
Waiting for Long setup at 6400 zone Target 7400 Stoploss 5600
Weekly view confirm that the downtrend is fairly exhausted at current levels. Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement. This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal. I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin...
RSI is 24 on BTC currently. Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff. To me this signals we are at the bottom. Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less. We are currently resting on the pink diagonal support....