Tightening equilibrium pattern on BTC. Getting close to a flex point. Must see a break. Saw Bulls attempt a breakout today. However, lower highs returned. Still, BTC is currently in a healthy consolidation after morning bull break.
BTC needs to get over $11,690.00 for clear Bull Break. $10,853.00 and $10,850.00 is a double bottom.
IMHO, BTC setting up for a...
BTC looks to be having healthy consolidation.
The price has bounced off a long term lower support line multiple times. It has also touched an upper resistance line twice. BTC price appears to be consolidation in an Ascending triangle pattern. If the upper resistance line is touched three times, this would strongly confirm this idea.
I'm expecting a breakout...
Over the previous 4 large BTC retracement periods, the average correction was 37%. If this holds true for the next correction and the top for BTC is in at between $11,000 - $11,500, the correction level would fall in the $7,000 - $7,5000 range. Not a prediction, just analyzing current price levels and historical price moves.
The month is ending tomorrow and the week is a clear BTC reversal candle. Additionally, the weekly TD time indicator is a 9 candle. These are BEARISH signals to me. The 4 hr BTC chart looks like a classic bubble chart.
I predict BTC will sit in the $9,000 - $9,700 range for the remained of the day and possibly week, before making a major correction.
Based on TD time indicator and the 4 hour BTC chart - we began a new BTC run to the upside when the 2 candle closed above the 1 candle. We should now have an upside run to an 8 or 9 candle until bulls purchasing power gets exhausted. Then a 1 to 4 candle pullback and reassessment.
It's pretty obvious that BTC loves reaching All Time HIghs and the odds are usually in it's favor to break records. However, timing these breakouts (and breakdowns) is a different story.
BTC has been on a Bullish upward trend since a breakout above $8,000 on the 15th of November. Since this breakout occurred, an upward trajectory from $7,079.00 to $8,250 has...
I wanted to publish this before going to sleep last night, but as usual, BTC makes it best moves while I'm asleep.
I was tracking an Ascending Triangle off of a flag pennant pattern. Consolidation was looking great and I was expecting a breakout to the upside once consolidation had reached a tipping point. This turned out to be true!
Great price movement for BTC...
A large flag & pennant has developed on BTC 4 hr.
I am predicting a break to the downside, as BTC makes its way towards $5k support on Novemeber 17th/18th - and then back up to ATH levels and beyond.