Bullissimo

Bullissimo Updated 

Seasons greetings to all! Warmest wishes for you and your family during the holiday season. In my last idea we saw that COINBASE:BTCUSD was able to break the double bottom neckline at 43,5K but was unable to create any significant momentum to continue the rally towards 45K. Since the holiday season has started, a period with lower volatility, i am not...

Bullissimo Updated 

As suggested in my last idea, COINBASE:BTCUSD wasn't able to pass 45K and had a small correction towards 40K. Bullish : If BTC manages to stay above 40K and claim it as support, we could see another rally towards 48K. (Somewhat) Bearish : If BTC drops (and closes) below 40K, the correction will go deeper to retest 38K as support.

Bullissimo Updated 

In the past few days COINBASE:BTCUSD was able to breakout of the ascending triangle AND had enough momentum to even breakout of the ascending channel. During the rally BTC was able to reach as high as 45K. If we look at the weekly chart we can see that the 45-48K area has been a level of resistance and support so it is likely that this level won't be broken as...

Bullissimo Updated 

Although there was a recent breakout above the horizontal 38K resistance line, COINBASE:BTCUSD was unable to maintain above this level. We can see on the daily and 4h chart that BTC has evolved into an ascending triangle. Bullish scenario : An ascending triangle is usually a continuation pattern so more upside is possible if BTC manages to perform a (real)...

Bullissimo Updated 

In my previous idea i was expecting COINBASE:BTCUSD to make a double top formation before correcting. But BTC wasn't ready consolidating yet so instead of a double top it formed a head-n-shoulders formation. In both cases it's a bearish formation that could lead to a correction towards 32K (a resistance level that still has to be tested as support). Another...

Bullissimo Updated 

In my previous idea i indicated the ascending channel in which COINBASE:BTCUSD is currelty moving. We had a recent retest of the bottom trendline followed by a rally towards the upper trendline. Usually ascending channels are a continuation formation so in a way i am hoping/expecting for a breakout BUT if we compare the trenline to the RSI indicator we can spot...

Bullissimo Updated 

After a nice rally COINBASE:BTCUSD is currently consolidation around the 34k area. On the daily chart we can see a double top forming which could lead to a correction in the near future. In my opinion, a double-top + correction will be a good thing. If BTC can find support above the 32k support zone (previously an important resistance zone) the recent breakout...

Bullissimo

I admit i was a sceptic and did not expect BTC to rally on fake ETF news, but lo and behold, here we are at 34k$. All things are looking good for BTC at the moment and if it stays above 32k$, this could be the official start of the bullrally (in my humble opinion). So what could go wrong? An approval of a spot bitcoin ETF by the SEC is now priced in but the...

Bullissimo

COINBASE:BTCUSD is performing a rally based on the bitcoin-ETF fake news, passing the 200MA en 50MA line. There was even a positive retest of the 200MA line indicating that this could now act as support. All in all BTC is looking quite bullish. Even though BTC is looking bullish at the moment, we are not out of the woods yet. The next hurdle for BTC to pass is...

Bullissimo Updated 

In my last update COINBASE:BTCUSD fell beneath the 50MA line. In the days that followed, BTC also fell through the daily 200MA line and corrected all the way back to 25-26k. Question is, was the retracement enough of will BTC go deeper? If we look at the daily and weekly chart you can notice that BTC might have formed a double top ranging from 25-26k to 30-31k...

Bullissimo Updated 

On the daily chart we see COINBASE:BTCUSD strugling to stay above the 50MA trendline (currently at 29,6k). If the 50MA line switches from support to resistance, the next stop is the 200MA trendline (at 27k). On the bullish side, if COINBASE:BTCUSD manages to get back above the 50MA line, and retest it for support, we could see another run at the 31-32k...

Bullissimo

COINBASE:BTCUSD was able to break out of the descending channel in a convincing way, only to be halted by the 31k resistance line. BTC is currently building up more momentum to break the 31k resistance line but will probably have to do a little bit of retracing. Either BTC goes full beastmode and breaks 31K, with a valid retest so we are sure resistance was...

Bullissimo Updated 

BTC managed to break out of the triangle formation (after an initial beartrap). It hit the resistance line of the descending channel, which BTC has been forming since april. Without a clear break of this resisntance line, there could be a final retest of the bottom support line around 25k. If BTC manages to retest and hold 25K we could see another attempt at...

Bullissimo

Last week COINBASE:BTCUSD dipped below the 25,5k-25k support zone but without a clear close underneath the 25k support line at the end of the day. The dip was short-lived and BTC was able to climb back in, and over, the support zone. At the moment BTC is around 26,5k, near the upper line of the descending channel (which lines up with the 50MA-line). If BTC can...

Bullissimo

On the daily chart we can see that BTC broke the support of the symmetrical triangle formation with a failed attempt to brake back into the triangle (with 27k acting as resistance). Previous failed attempts to brake this resistance line were followed by deeper corrections. This theory will be invalidated if BTC manages to brake 27,5k and flip it as support. 4-h...

Bullissimo

On the weekly chart BTC seems to have formed a double top with two similar peaks above 60k and a neckline at 31k. In my opinion, as long as 31k resistance isn't broken, and flipped as support, more downside is possible. In combination with the SMA death cross, the weekly chart is pretty bearish at the moment.

Bullissimo

Hi all, This is my semi long term idea for EOSUSD, with a timeframe of about 1-2 weeks. Because most altcoins have had an exponential growth i use a logarithmic chart instead of a linear chart and when using elliot waves you can see the waves more clearly over a longer period of time. So the chart will probably look a bit different from your default setting (to...

Bullissimo Updated 

If we look at the 4h chart we can see a large inverse head and shoulders forming on BTC. Looking at the Elliot waves, starting from the Feb. 6th dip, we could be finishing the long wave 3 and about to start wave 4 creating the right shoulder. Im guessing the dip could go as low as 9500-9600 which would be in line of the size of the left shoulder and seeing that it...