As mentioned previously last week i made a prediction on btc possibly forming a reverse h&S pattern, we now have conformation that the pattern has formed. on the 4hr we can see a few indicators pointing towards a reversal in price action. This is not a trade setup, only a price prediction for the coming week or so.
Little clearer view from the 4hr time frame to show trend projections as well as where our price action might follow. Reverse H&S pattern seems the most likely formation for BTC at the moment.
Possible reverse H&S pattern forming, this seems very likely to happen to gather vol for another run up.
Short term trend? Or are we moving towards a larger breakout? BTC TI trend indicators are showing strong movement, so we can expect the same from the alts!
Current trend we are on seems strong as of now we can expect a pullback to consolidate some buyers to make another move up. chart is as follows for short term bullish run. (break support, chart is in valid)
Sorry update to previous. Time to see just how much control the buyers have. Possible retest and bounce.
Time to see how strong the buyers are in control. Possible retest of support and bounce.
moment of truth to see how strong the buyers are in control. possible breakout and retest of trend support.
Chart is as follows, mini wedge pattern possible breakout and testing larger resistance wedge trend line.
Well lets see how this places out, it has been hard to predict a bottom and even harder when BTC's breakout could happen. the market is filled with alot of fear and some say 10k will be our bottom, yet alot and i mean alot of investors have to pull money for that to happen. AS of right now i am still sticking to this as a correction phase.
short trade set up, will see if btc doesn't mess this up, make sure to use a SL, in case of btc breaking support.
According to our jun/July correction, if followed exactly we are to make another drop towards support (yellow). But not before another bill flag breakout to our residence line. I made this same correction prediction back in November and just recently our correction down to our support trend line (red). Optimistic in btc finishing correction phase and halving, into...
could it be this simple? but than the question is, what about our H&S pattern? what are your guy's thoughts?
chart is as follows. watch for btc breaking support, use SL. good luck
little update to previous chart showing what i think our price movement will be over the next few weeks. as well showing some potential trend lines the price could follow! good luck traders!
BTC will be the deciding factor, but if btc holds supports i think GRT will make a breakout from its current parallel channel, if btc breaks support we will drop back to our channel support.
history repeats itself, except we are not recovering from as big of a divergence as last spring. BTC is in the process of halving which is normal before and after an impulse wave to finish and than start again. we recently had a falling wedge fakeout, in which price action has fell back into. furthermore history wise BTC has always preformed very well in the Jan,...
Guys just a takeout, still waiting for breakout and bounce. Daily ti’s all showing a healthy set up for a bullish move… making same set up from may