ChartPicasso888

ChartPicasso888

Right after the close of the daily candle we have seen bitcoin hit a low of 9857 followed by massive buy by probable campers and bots which saw the push to the current price. Question is was this enough to reverse the falling trend to the uptrend, we have about another day to have our questions answered, nonetheless a great time to stack a bit more BTC even at...

ChartPicasso888

Although the overall trend is now bearish, the bulls have been taking a beating support after support. We now trading within a extension triangle of the 2019 ATH and the line of extension from parabolic move pacing us about 1 day ad 12 hours from a major move in either direction yet with more favor to the bears if trend continues its current path. Opportunity in...

ChartPicasso888

As of writing we past a major resistance point at 10800 after failing to break above 11700 yesterday we now looking poised to hit 10000 and if that doesn't hold we might revisit the 4 digits bitcoin price again. This would be great opportunity to accumulate bitcoin on the way down at major confluence points. Opportunity for both bulls and bears, being bears on the...

ChartPicasso888

Should we maintain the current steady uptrend on the hourly and 5 minute charts we may re-visit 12000 by the end of the hour provided we break the 11700 sloping resistance line. Happy Trading.

ChartPicasso888

The last 6 hours have seen very little change with an ever slow uptrend overall holding us tight between 11500 and 11600, looks like the bears are still heavy on the trend yet the bulls wont let them have any more steam. Otherwise a good time to slow down and strategize, perhaps spend time with loved ones. Trade safely, Happy Trading.

ChartPicasso888

Yesterday we broke down past 11500 in a tight hourly channel we, then move gradually on the 5 minute trend and have steadily embraced the 11500 sloping parallel channel, a break up could see us re-enter this channel towards 12000. Expect a lot of up and down movement in the next few hours and a lot of bot action. Best consider DCA for entry and exiting...

ChartPicasso888

We currently trading sideways with swings as high as 2% both up and down yet on a tight channel that might see us back re-testing 12000 resistance or crashing further into the 11000 support. This would be a great spot to pump up your bags if you sold the last rally, also a great spot to counter trade if you have been placed at a loss by the latest crash. As...

ChartPicasso888

And the real crash has happened, to those who sold in time, well done, for those coming in now, welcome its never too late for those who missed the change and held too long time to rethink strategies. Not much to be said here just a healthy dump to a healthy rally. Trade safely, Happy trading.

ChartPicasso888

WE currently on a sideways hourly movement that might potentially break to the upside towards 13800-14000 regions. Expect massive sell off here and possible double top traps. Current greed levels don't match the market movements i would avoid using those as selling indicators for now and plan for a proper entry point if you have already sold off your BTC stash and...

ChartPicasso888

Ignition candles set a spot where bullish and bear patterns begin or end, identifying one is easy, they are a lot longer than the rest and usually open and close with no wicks. We have seen one large earlier today bounce off 12800 and another bringing us down to 12400. We again seeing a promising one that seems to setting the way towards 12800 again. This recent...

ChartPicasso888

WE have since broke the 12400 barrier and now dancing well below 12800 once that shatters we have a frictionless path towards 14k, expect massive sell off and triggers at that region. This region also presents a major question. Do you sell for profits or HODL to the moon, if you have the guts to strap in we might be well posed to moon past 14k. As always bring...

ChartPicasso888

As predicted previously 12400 target would provide the next major support. We now in great position to test 12800-13000, trailing stop loss still advisable for the longs not so much opportunity for the shorts as there is way more momentum on the uptrend as hash, volume, and lastly but not least FOMO kicking in. Happy Trading.

ChartPicasso888

We are 45 minutes away to completing the next flag should we break to the the upside, a little bit longer if the bulls take over the next 4hours. A brake up could see a retest of the 12400-12500 range and higher 13000 might present some resistance should those not hold. Great times to play the long game. I would suggest implementing a trailing stop loss if you...

ChartPicasso888

As previously predicted we now tussling and tugging with the 12k resistance line, a break to the upside could see a slight move to our next resistance at 12500 and a break above that could see us up to 13k ranges again. A break under that would take us back to the 11700-11500 range and worse case scenario back down to 11k. As always trade safely and prepare for a...

ChartPicasso888 Updated 

We now close to complete two major flags, that present both bullish and bearish properties. Should we break up we might see a rally towards 12k regions probable bot sell off triggers that might see us plunge back down to ranges of 11500 and 10000, nonetheless given that the hash has reached a new ATH we might have enough steam to breach 12k and try retest 14k...

ChartPicasso888

So far so good on my chart direction we well on our way to re-test 12000 regions though very tightly packed bursts both up and down especially on the 5m charts, a very bad day to be swing trading, if you still taking the risk there is a lot of opportunity still to make macro gains if trend holds we are likely to see major moves in 1 day. Happy trading.

ChartPicasso888

Good day everyone this is a continuation from my first chart. We have since moved considerably close to my original lines and hit major resistance at 11500 and meandering below it revisiting as low as 9600 and as high as 12300 on the uptrend. i believe we currently as of writing 2 days away from seeing a major move on the price action towards a re-test of 12000...

ChartPicasso888 Updated 

Bitcoin seem to be in a descending broadening wedge that if it breaks up might see us back on the bull run or close to retesting 13k regions, and a possible 16k test if we extrapolate the recent bull run before a retracement from 13400. On the bear end we might re-test below 10k levels once again if we break to the bottom of the pattern and possible as low as 8k...