BaconNick

BaconNick Updated 

Looks like we might be at a small bottom with an inverse H&S forming the head right now (Daily chart). Expect some short term sell and then possibly long at the formation of the right shoulder

BaconNick

Earlier today when we hit our low at 9226 we were running up against a long term resistance line from before the 20k spike. I predict a return to bullish momentum over the next few days. Buy long after rebound off red trendline, should break out of green upwards and break the descending wedge pattern. Be prepared for market adjustments and retests but overall...

BaconNick

Descending wedge expected to hit bottom trendline in approximately 7 hours. if that rebounds buy in on a long. Expected to hit top trendline and possibly breakout to resistance line from January 20th pump

BaconNick

after upward breakout chart settling into a rising wedge pattern, any action risky until a new pattern is established

BaconNick

Possibly following descending broadening wedge pattern, expecting reversal and breakout after third touch of the bottom trendline. buy long at trendline touch, sell for loss if breakout occurs downwards