In this video:
* I discuss this significant price level of $36,000 Bitcoin
* I discuss future possibilities regarding price action
* I discuss the previous Head and Shoulders pattern I had spotted
* I question whether or not it's target down is something that we should continue to pay attention to.
Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line.
I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second...
Here are three very easy to follow cheat sheets;
There are several patterns both bearish and bullish - here is just a "welcome to" for you newer traders.
Then we have patterns - as per main image;
These are useful to help spot reversals and continuations of trend.
As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened....
Chromia has been doing pretty well after recovering from the december lows. Holding well in this dip and already gaining upwards momentum.
I couldnt help but realise this pattern re occur (one in green rectangle). if you look closer it is very similar and if it plays out could signify a local top at the 618 level of the current fib retracement from the...
Most other established crypto charts reflect the same point of epic decision. Even the neutral path will be groundbreaking. As it will add a new component to the bitcoin pattern development. Outside of the March 2020 reactive crash this would be the most unusual path. For me, it would show the line between those who want to free and those who want to control the...
FTX - Where it is heading right now? It is going up & it is trapped in the narrowing channel . FTX going to move UP until narrowing channel gets broken .
4H chart analysis done in a bit different way by G-Money .
This image is of a kangaroo pattern. Just like a kangaroo in the top paddock, you will find many bulls associating with this pattern, as they are both fond of the top paddock.
When you see a kangaroo pattern, you can be sure that the price will race up as the kangaroo is ready to take another bound.
The paws sometimes rest on the 0.618, but they are known to...
In this video:
* A Head and Shoulders pattern is glaringly obvious on the Bitcoin Daily chart. So, why am I ignoring the 85% probability that it will play out and we will drop to 20k?
* I review my top 7 reasons why I do not see bitcoin price dropping much further
1. Bullish Divergence and kiss of the top of our trendline
2. Weak right shoulder