On this chart you'll see that Bitcoin is coiling up in a bullish consolidation pattern called a SYMMETRICAL TRIANGLE.
Bitcoin LOVES Symmetrical Triangles. The LONGER they play out the STRONGER they are.
This one possibly has the power to sling Bitcoin to 100K.
Bitcoin has STRONG support in the 30K region and will likely be rejected by the 200 Daily...
It's clear now that Bitcoin pumped to a distribution zone twice in 2021 and created accumulation zone structure three times now.
Bitcoin will likely break out of the accumulation zone this year and probably by fourth quarter of 2022 if not early 2023. Once it does it can creep up to 100K or there will be a big fast pump to it. Either way, once we leave this...
This is the parabolic scenario. The green parabolic trend line on this normal (not log) chart isn't drawn to gauge timing, just the trend. Breaking 20K means crypto will go nuts, and the shilling war will reach fever pitch.
The combination of hash ribbon buy signal and ascending wedge could propel Bitcoin far past the all time high around 20k. We see these all over the charts in Bitcoin. They have a high probability of breaking to the upside.
Could also be a Wykoffian reaccumulation pattern.
It's less likely the case but it could be a Wykoffian distribution pattern.
The moment we've waited three years for is here.
The total crypto market cap is hugging its previous all time high.
I've laid out the fractal in this chart.
IF it breaks through...then I don't have to tell you what to expect. You already know it will EXPLODE PAST ONE TRILLION DOLLARS.
IF it gets rejected at this point...then I don't have to tell you what...
Check out the thick pink lines and let's see where the RSI is at when the June candle closes.
A bullish divergence on the RSI on the monthly timeframe has the potential to sling price upwards past 100k.
This is EXACTLY what you want to see if you want to see another massive runup in price soon. This could be the "double bubble" I've been thinking might happen...
Here we are again...Bitcoin makes a new ATH then consolidates before breaking out.
Symmetrical Triangle is a continuation pattern, more likely to break to the upside, especially with Bitcoin.
The last long time-frame "macro" symmetrical triangle launched price to 64K when it broke out.
Peace, Love, & Crypto,
Descending triangle pattern developing. If price action can stay above the Alligator lines for more than a few days it has a chance of moving higher, fulfilling the "large bull flag" analysis, creating the trade of a lifetime.
If price sustains below the three Alligator lines then a further drop becomes more likely, leading to the fulfillment of the descending...
What a night! Unbelievable! Sensational! If you're new...WELCOME TO CRYPTO!
The "Musk Candle" sent Bitcoin printing a crazy daily candle wick spread of over $6,000 lol
However...it did NOT completely change the short-term momentum of the downtrend. It got beaten back down with a heinous wick over the course of the day.
On lower time-frames, price is...
Ether seems to have developed both a Regular Bearish Divergence and a Hidden Bullish Divergence in the chart.
Either also has a developing Rising Wedge pattern.
Considering that Bitcoin is developing what could be a Descending Triangle pattern I can see a scenario where Bitcoin and Ether briefly break down, sentiment turns bearish momentarily, and then price...
I'm actually looking at Bitcoin for entries to long Ether as I think Ether is going to explode past its all time high soon. But we might get a dip beforehand. Bitcoin is important to watch right now, as Ether is not exactly "uncorrelated" with Bitcoin.
I made this chart as though I were trading Bitcoin, though, as the information contained herein informs my...
Bitcoin is still forming what could be a descending triangle and now a bearish divergence shows up in the Daily RSI for Ethereum.
I'm waiting, patiently, for the opportunity to make mad, mad money once the market clearly tells me what to do. I think my next trade is going to be life-changing.
Peace, Love, & Crypto,