If this lower time-frame Bull Flag breaks North as expected we should hit the next target between $9,800 - $10,000. Over another $1,000 from where we are now. The Flag pole was quick and strong which usually indicates there will be a continuation. We don't know when or where it will break along the top of the flag, but we do know by the length of the flagpole...
If this lower time-frame Bull Flag breaks North as expected we should hit the next target between $9,800 - $10,000. Over another $1,000 from where we are now. The Flag pole was quick and strong which usually indicates there will be a continuation. Let's see if it plays out as expected. Yes, I'm still very, very, very long. Good luck!
I'm posting this daily chart as an example of a perfectly executed Cup and Handle pattern. This is more educational than current analysis because it has already happened. Once the top, bottom, and handle of the cup are established the future target price is easily calculated by taking the depth of the cup and adding to the top of the cup. In this case the...
I just sent my brother 1.234 Million Satoshi for his birthday. He thought is was a pretty cool gift. :0) He was like " Thanks for the Sushi! "
I am going to LOL so hard if this little 15 minute ascending triangle busts out to $9,570 area. The flag pole is over $776 alone. Good luck!
Here's everything I've been following on the weekly chart. It still looks extremely bullish to me.
The ascending triangle will resolve soon. Day traders probably need to be ready for a head fake one way or the other before the breakout. All stops will be eaten as this monster gets going.
I'm just posting this for future reference. Since bitcoin broke the multi-year trend the assumption is that it will hold. If true, then this ascending triangle may be the pattern that launches prices to the next level. Those waiting for a major correction and lower prices right now may be disappointed. Nothing to do but wait and see.....
Here's your latest dose of Hopium. I was playing around with my weekly chart and was trying to find a correlation with the price, time, and trend-line. I noticed that the last time the price broke over the long term trend it went up slightly over 1225% within the next 31 weeks. If the same thing were to happen on this breakout the 31 week target would be around...
For those of you who follow my posts you know that I have been "all-in" long for quite some time. You also know when I made my Adam and Eve double bottom call back in March. That being said, I'm running out of ideas. In this chart I have put together a compilation off most everything I have looked at over the past couple of months. The long term weekly moving...
This falling wedge will lead to higher prices in my opinion. We are also OVER the multi-year bull trend line for the first time in a long time. If Bitcoin can maintain the trend, and I believe it will, we should see higher prices before a several thousand dollar correction. In other words the price may go higher now and retrace back to where were are now vs....
Either way it's going to be great! We got a weekly close significantly over the $7,300 to $7,600 mark I was looking for. This keeps the price over the multi-year trend (top line of white channel). As you can see in the yellow circles the last time this happened the price continued to climb for weeks to follow. Also the 20 and 40 week moving averages are closer...
I took off a few tenths last night above $8200 to raise a little cash but still sitting on over half a billion Satoshi on the long side. I just like trading so I set aside 1 BTC to "play with" while keeping the majority of my long position. I am still looking for a weekly close above $7K to confirm the lower channel breakout like last time. (Yellow Circles) If...
I keep going back to my Weekly chart because every time I study it I seem to find something new. As you can see on this chart the baby blue line is a multi-year trend in which the price has either been forced to stay below it or on one occasion bust North above it. There are just too many touch points IMO not to be significant. Also notice the two yellow...
Have our future boundaries been defined? It sure looks like it. BTC might break out of the top of the Bull Channel again like before, but but I don't see how it will break below it after all these years. Disclaimer: Your opinions, like gas mileage, may vary. Good luck!
It just came to me. Good luck everybody.
For those of you foaming at the mouth for an opportunity to short a parabolic rise, you may get a chance soon as we approach to the top of the long term Bull Channel. As you can see on this Daily Coinbase chart the fibs line up, the channel lines up, and the current price action will soon line up for a nice bounce off the top of the Channel. Of course we could...
It did not take much effort to get back into the $6K area and the from this weekly chart you will notice that the lower boundary of the NEW BULLISH CHANNEL (white) is rising slightly higher every day. You many also notice that the upper boundary from our current trajectory is about $8500 over the next few weeks. What does all this mean? I would NOT want to be...