ADBCrypto

ADBCrypto

CURRENTLY WE CAN SEE THERE IS A RISING WEDGE IN THE MAKING ON THE BTC. THIS KINDS OF PATTERN TEND TO BREAK TO THE DOWNSIDE. IF THIS IS ALSO THE CASE HERE, WE CAN SEE A RETEST OF THE LAST ZONE OF SUPPORT. THIS WOULD GIVE A TARGET FROM $11200 TO $11110. IMPORTANT TO STATE HERE IS THAT IF THIS PATTERN PLAYES OUT, WE WILL BREAK A MAJOR SUPPORT LINE ($11500). THIS...

ADBCrypto

CURRENTLY, BITCOIN IS AT A CRUCIAL POINT. WE DID FIND SUPPORT ON THE LAST ZONE AND GOT THROUGH THE 0.5 FIB LVL. THE 0.5 FIB LVL HAS PROVIDED A LOT OF RESISTANCE AND SUPPORT IN THE PAST WEEKS. BUT WE ARE NOT OUT OF THE WOODS YET. ABOVE US THERE IS A LOT OF RESISTANCE. STARTING WITH THE RESISTANCE LINE 1 AROUND 11500 $. THEN WE HAVE THE TWO TRENDLINES OF THE...

ADBCrypto

AT THE MOMENT WE ARE FINDING RESISTANCE AT THE 50EMA, ARE WE GOING THE BREAK IT OR AR WE GOING TO GET REJECTED. IF WE DO GET REJECTED WE COULD SEE A PULLBACK TO THE $11500 AND GET SUPPORTED. WE WILL MAKE A DOUBLE BOTTEM BEFORE GETTING BACK INTO THE TRIANGLE. BREAKOUT TARGET WOULD BE $13300 UP TO $14000, IT WOULD GET US INTO THE GOLDEN POCKET.

ADBCrypto

IF WE BREAK THIS PATTERN TO THE UPSIDE WE COULD SEE AN OUTBREAK TARGET FROM $12200 TO $12250.

ADBCrypto

THE ASCENDING TRIANGLE PATTERN IS MOST OF THE TIME A CONTINUATION OF THE TREND. WHEN WE MEASURE THE WIDTH OF THE TRIANGLE WE HAVE A PRICE TARGET OF APPROXIMATELY $13500. THIS WOULD BRING US INTO THE GOLDEN POCKET. THIS IS WHY WE WOULD ALSO GO TO THE TOP OF THE GOLDEN POCKET? WHAT COULD GIVE US A PRICE TARGET AROUND $14,000.

ADBCrypto

IN THE SHORT TERM WE COULD SEE A CONTINUATION OF THE TREND. IF WE BRAKE TO THE UPSIDE WE CAN EXPECT A PRICE TARGET OF €10165. HOWEVER, WE CAN ALSO EXPERIENCE STRONG RESISTANCE AT THE 0.5 FIBO LEVEL. IF WE BREAK DOWN WE COULD REACH A PRICE TARGET OF €8900. THIS PERFECTLY COVERS WITH THE STRONG RESISTANCE OF $10500. HOPEFULLY, WE CAN TURN THIS RESISTANCE INTO...

ADBCrypto

JUST WHAT I'M SEEING! NO WORDS NEEDED!