this is completely speculative based on the rising wedge we may currently be in...if that rising wedge maintains it's validity then we have here the next 3-4 potentially ath pricepoint and roughly what month and year we should reach them. What I'm seeing currently potentially is with each new peak and crash we appear to be cutting the size of things in half. The...
Decided to look at the overall trendlines for the entirety of BTC on bitstamp on the weekly log chart and it is very very encouraging. Although it is in a giant rising wedge which will eventually break down (most likely once the bubble finally bursts) The good news is we could climb to almost 1 million per bitcoin by 2023 before that happens....of course it could...
We are in a great spot to sell, because we got good confirmation, so if everything goes to plan, we should be able to exit on a good profit. Good luck!
Hello traders, In the 1 our chart we can see a rising wedge + a bearish divergence on the rsi Wait for a bearish candle (hammer or shooting star) for example and place your position. This is my point of view for this pair for this next week.
The Dollar Index is back near support after a failed rally that we saw in August. The support zone includes the bottom of a rising channel, MA line and a structure zone (previously resistance, now potential support) On Thursday we will have the ECB meeting and the U.S CPI data - Two events that can (and probably will) impact the Dollar. The bearish scenario...
target is around 6425 but may be wise to limit buy back in around the top trendline(in white) of the weekly descending triangle pattern as it may provide strong support. There's a chance the 1 day 200ma will provide that support so I will likely wait to sell again until I see us flip the 200ma to solidified resistance.
We have to dip under 6.8k to forma lower low and hand control back to the bears. If not we will simply form a higher low. There's a chance we can bounce back up into the rising wedge but if this current 4hr candle closes here or lower there is a very high probability it will trigger the breakdown that can potentially send us back inside the weekly descending...
appears to be bearish rising wedge
MACD cross, rising RSI, a Wix Pix signal and favorable trendlines are making Komodo look bullish to me.
Although overall I am bullish I think it's important to note this rising wedge we appear to be in. Considering the rsi levels on the 4hr and 1 day are overbought and overextended we will have some difficulty breaking above the top trendline of the rising wedge which is also the neckline of a bigger inverted head and shoulder pattern we have been trying to break...
Here I have what I have found to be a mirror of the PG stock which is about to predict a big positive breakout. As you can see all the valleys and peeks line up pretty close in time and price with their mirrored counterparts. Also I believe this will break positive because the rising wedge ( in yellow) tends to have positive breakouts in u shaped volume, which...
We are seeing a rising channel in the Japanese markets suggesting bullish price action to come, this could mean a jump to 6500 is more likely than i previously thought, keep your eyes open
I think it's very likely we can head to 5.9k here. The stochrsi on the 1day chart has plenty of room to drop still and the reason we are currently consolidating I believe is that the 4 hour rsi just hit oversold conditions. So it is likely we will fall back down and retest the bottom trendline of the pink symmetrical triangle. Even though we are currently at a...
As I had said an idea or so ago we will likely fake a breakout once or twice to reset rsi and stochrsi levels before w have enough momentum to break above the neckline of the inverted head & shoulders pattern. What was once looking like your average bull flag has morphed into a sort of small falling broadening wedge and now are 4hr stoch rsi is ready to go up...
4 hour chart has formed a left shoulder ad head of a small head and shoulders pattern...if that breaks down it may trigger the rising wedge breakdown as well...been going sideways for a few days now...the larger inverted head and shoulder pattern is still in play as well though...so this idea will remain neutral.
sunday could really be a day for bitcoin by this TA
After seemingly breaking down from the first wedge but not getting a big enough red candle to go with it I have readjusted the smaller green rising wedge to fit more of a traditional bull flag shape. Was also able to widen the larger purple rising wedge with the newer candles wicks to see that we are still very much inside the bigger rising wedge. We could...