AnsonA4

AnsonA4

Now if that doesn't look bullish...

AnsonA4

BTC is in a healthy correction after reaching a new ATH. I see it possibly testing the 50.8K trend line (blue) before bouncing off and retesting the ATH (red). If it can break above, I think 63-64K is very realistic with 70K becoming more and more viable. Fundamentals are very strong right now with the institutional adoption that is happening. Stimulus checks...

AnsonA4

It looks like some support has been found around the 47-48K area for BTC - after some consolidation, the 60K+ level will likely be tested again. If it breaks below, the 40K range is a possible area of strong support.

AnsonA4

As BTC soars in full breakout, a key test is approaching. BTC will be wedged between a MAJOR trendline - the upper trend line that has been in tact for this entire bull run - and a minor trend line that is has been following for two weeks. It will either smash right through it and continue it's rise into the 60K price range or it will consolidate down and likely...

AnsonA4

Last night I successfully predicted that BTC would bounce off a strong trend line (blue dotted) that it has formed and respected for almost a month now. I expect to see some consolidation again, as it has been doing after recent minor breakouts, but will be surprised to see this trend link break with it's current bullish status. I actually wouldn't mind a bit of...

AnsonA4 Updated 

It will be interesting to see which direction BTC breaks as it has been consolidating throughout the day and is putting pressure on a long term trend line. Most of the EMAs are still very bullish so I am looking for this trend line to hold.

AnsonA4

I don't love the volume but I am convinced that the day candle will close above the wedge it has been traveling in and have opened a conservative long position. I'm looking around 60K as a target sell area. Good luck traders!

AnsonA4

BTC is moving in the same channel it has been for days. Until there is a clear breakout with volume, it is not a good time to go long. An opportunity may arise, however, if BTC bounces off the upper trendline of the channel and then tests the bottom. I don't short but will consider the scalping opportunity that arises if BTC drops to just under the 50K mark and...

AnsonA4

As you can see from some past breakouts, we still don't have enough volume to consider this a true breakout. The price is also still in the wedge channel on this 4 hour chart and on the day chart. Still waiting for confirmation.

AnsonA4

Will either take another shot at the 49-50K area or drop down to support around 47K.

AnsonA4

Similar pattern forming that tested and broke through resistance previously. ATH will likely be tested again on Friday. Will it break through? I'd wait for confirmation.

AnsonA4

If it breaks 8800, I expect a jump towards 9400. If it corrects, first test at 8400-8600 then down towards 8100 from there if volume doesn't hold.