Falling wedge within pennant, and inverse h&s - showing the end of wave 2 and hopefully the start of wave 3. Bullish divs on a few timeframes and selling is starting to dry up. Distribution done, time for a move to 10k before we decide what to do from there. Happy trading!
BTCSKW pulled back twice to the lower trendline of the rising wedge. I've indicated where important support is located and the price target should we break lower.
My price target for the Bitcoin/SKW using the Rising Wedge is the S.K.W. equivalent of $7770. But we'll see if price turns back around at the bottom side of the rising wedge trendline. I remain short for now.
The Bitcoin/Won price is a more clear rising wedge with busted breakout/throwback. IF Bitcoin/SKW reaches the price target, then we should expect a rapid return to $7700, depending on how much of a premium/discount the Kimchi price is. Right now the Kimchi is UNDER the USD.
Bitcoin is trading around $8030 at the moment, which is $300 lower than BTCUSD on Bitfinex (what an Arb opportunity!). It's in a clear rising wedge.
I think that it may go up to 1080000 in a day . All good. but the indicators say that it's too much overbought. I want to wait until the Stochastic momentum is downward below the oversold line.
Activity of technical analysis positions in tradingview, In the cryptocurrency market, Activity 10. Identify, through the use of an oscillator, in a title, overbought and oversold states Indicators / Oscillators: Momentum: The periods of overbought are indicated in the blue box and Oversold periods are indicated in the pink box. ROC / Rate of Change: The...
it is making triangle. i guess it will break upside at purple line UTC+9 (seoul) 11:45 AM
Check out Bitcoin in Korean Won. It has already broken through those all time highs. Unless this breakout fails and it crashes back through support, that is a very bullish sign for Bitcoin in USD. Korea is always ahead of the USD market in Europe and the States, so this is certainly a strong tailwind that adds further momentum to our thesis that Bitcoin will...