Morning all! Exciting times are ahead, we are in so many wigs that we can breakout every moment! But what are the potentionals and where are we heading? Shorts - CME future gap($8500) still isn't closed, are we heading back to 8500? - KST support and wig levels are in favor of the shorts. It looks like we can head down the trendline any moment. - Decreasing...
Did we reach the decision of trend? KST reversing just above 0. And is reversing back before creating a new high! EMA river has caught up and is now support. Waiting for the break of ema's!
Related to all previous posted analysis in this Triangle, here's another expectation for the 4 hour chart. 2 weeks before BAKKT (23rd september)
Good day! Here's another update on the 4h chart, i've included a pitchfork of the downtrend we're currently in. We're still fighting on the 4h KST for trend. Potentially we're going for the lower part of the wedge and under ema river towards a price of ~$9600. Less than 3 weeks before BAKKT release! This might be a classic "buy the rumor, sell the news". First...
Will we push for the upward channel line or do we get beaten on the KST in another bull/bear fight on the 4h chart?
TD seq has reached a 9! Big move incoming(potentionaly upwards!) KST cross in the bearzone, needs to push back to be bullish. Touched lower channel Looking bright for an upwards push, will we reach higher high?
3 days furthur and we're back at the same starting point. KST still around 0, BAKKT end of the month September will be also the end of both big and small channels. Potential to close CME gap at 8500, other potential = MOON++ to maybe 14k-16k. Lots of trading potential!
Up or down? I'll let you decide! KST = bearish but looks to be going back up. Will we break the TD seq of 4? If so then you could expect an 8 or maybe even a 9 on the TD Seq. If not then we'll pull back towards either big or small channel we're in.
- Always do your own research before trading! Don't take this as a fact. Potentional bottom touch incoming. We've a cross on both the MA & KST. Could this be true?
As for always. I'm not a finical adviser, do your own research.
As off right now it looks like we've hit our max and it's about to get time to go down. Wouldn't pick the buy side until confirmed break on the upside.
Just some drawings. I'm not a pro so do your own research!
forming a cup in iota and touching fib levels(not drawn on here). I'm still learning TA and as for all, i'm not a financial adviser nor i can predict the future. Always do your own research before buying/selling.
We broke the downtrend and we're making our way up to 13000 satoshi as first (potentional) big support line.