Hello all! I was searching for the last time bitcoin made consecutive higher highs on the daily while making lower highs on the RSI and I came across this very interesting confluence! The last time this pattern occured was in JUNE OF 2017. Wow.
Anyways, back then , after we finally peaked out bitcoin saw a nearly 40% decline from the top. If that was to play...
So far Bitcoin is following the path of the triangle on the left. Yesterday we could see an attempt from the bulls to break out already, based on the shape it was much to soon. It did however even break the 9450, but bears were simply waiting to catch the price with their short orders. Now it looks like we might be at an important stage. We bounced up 200 points...
Looking at this wedge formation. I cant help but pay attention to them. Volume must cooperate if we want to go up. Even if we do drop I am still pretty bullish. We will know how this plays out within 8-12 hours I would imagine
We turned resistance into support so thats good news for all you bulls. 9400 is being stubborn resistance but that could change any second with the way BTC has been acting lately. The Fib and trend line seems to forming a wedge and the price may pop from there. Keep an eye on the charts today. I wouldnt be surprised to see some fire works. But WTFDIK
Seems to be a real fight going on now between 9250ish and 9400. Some games being played by a few whales, but it's starting to look like a real fight between them, so not working together. Past 2 hours don't make any sense otherwise. So it feels like a very big move is about to happen.
The triangle is still in play, where it normally should test the support again...
BTC IS FULL Bullish Now.. get in below 9.2k when you can, once it passes 9.4k, Sky is the Limit!.. see for yourself... Like, Share and Follow me for more, I respond to DM too.. ask me anything!
This fib channel has been doing work.
It happens to have perfect confluence with the 9.6k weekly resistance.
So the idea is simple: we go to 9.6k, then a small correction to low 9ks - high 8ks, then 11.5k which is both on the weekly & monthly chart a big resistance level.
There are many ways to come to this conclusion, but this fib channel indicates it in a...
Hello! I first want to thank all of my followers for their likes, comments and support! I learn just as much from your comments and your charts as you do (hopefully) from mine. I will be the first to admit I get the charts wrong often! However that is the nature of the beast.
Today I present a very interesting bearish 3day divergence that is currently printing....
Before you make fun of me, I know how this looks like. I've looked through my past ideas and it seems like I am a perma-bear. That is not the case. I am very bullish on Bitcoin and have longed previous prices, but just have not shared those ideas publically. I posted all my trades in the previous related ideas section, which includes some bad ones.