Bitcoin between support( 200 dma) and resistance ( 0.5 fib) Waiting for the breakout!
Another retest at my resistance line... will it break!?
Here you see BITCOIN making the same fractal as in November 2020. Are you seated!? #calmbeforethestorm
As said in the chart these are some important levels to watch. If we break the white resistance line we are extremely bullish. If we break support ( no worries ) 42500 definitely strong support! Loading up some fuel to break eventually above our resistance.
This resistance kept us down for three months in Q2 and now we are again struggling to get through this F#ck@h. I draw in the chart what I expect in the short term for Bitcoin. Bitcoin is looking weak, we are losing support after support. So sideways action or a correction is in the cards. Overall I'm still bullish and we will break this resistance, it will...
Bitcoin is forming a small broadening wedge, as seen here on the 4hr. A higher probability that bitcoin is going to retest 50500.
Daily close outside this channel will confirm it will take a little longer to see bitcoin above 50K. 42.5K is my target.
A inverse head and shoulder on the 4hr. Not looking good for bitcoin in the short term. But a healthy correction was needed!
Bitcoin below major support!!! For now I expect a bounce for Bitcoin back to this " support/resistance " line... This all depends if we are going to be rejected or not. If we got rejected this is a great short opportunity. So that's my moment to short!
Bitcoin is ( again ) retesting the support line after a small pump yesterday. We need to hold this! By breaking this support level I expect a deeper correction for Bitcoin
This trend line acted as support for more than a month, so this trend line is going to tell me where we are going in the near future I personally expect a bounce from here. But... If this level breaks there will be a big correction. So be prepared.
Bitcoin is again forming a falling wedge. If we break out we will see a nice pump to the upside. Remember we still have a lot of resistance in front of us so it won't be easy to break these levels.
Bitcoin is forming a symmetrical triangle on the Daily RSI. We could stay in this range for more then a week before we see a clear direction.
Bitcoin is facing some heavy resistance we might see a small pullback from here.. Watch the red line it kept us down several times this is a level I am going to watch, if we break this line we are ready for some serious moon stuff. I personally think we will hold the channel and break up. Everything tells me we are bullish AF . Have a nice week trading.
Bitcoin is outperforming the bull run of 2017 again! ( measured from 18th of July '2013 and 2017 and the 19th of July of 2021 ) Just like it did before we 56% crashed from 65K.
Possibility that this pattern could play out for Bitcoin. ( I'm waiting for the breakout ) If we break out of this pattern the target is outside the bigger falling wedge. This would be amazing but we might find resistance over there and may come back first.
" Falling wedge and a lot of support " it looks like a reversal is imminent for BITCOIN I'm starting to put in some cheeky bids No financial advice, do your own research!