BTC could be in the way up soon but is finding a bit of resistance right now, we also need to be on top of the 21 daily EMA to have our next pump, it is very probably that we manage to pass them resistances soon and if not we could break the ascending parallel channel again to the downside so fingers crossed.
We had finally hit the top yellow line of the ascending parallel channel, we could try to hit it again or we can retest at least the purple line of the ascending triangle or even the green line of the Symmetrical triangle, next few days, let's see what plays out next!
Bitcoin have been inside this ascending parallel channel since the 11th of March in this 4 hours chart.
Btc could be forming 3 different patterns, but soon will need to chose one, we have an ascending triangle, a parallel channel and a symmetrical triangle that if this is the case we could have broke out and retested already this one, so which way will it chose? we are also in the way to create a golden cross most probably by the end of next Month, things are...
Weekly chart again , I have the feeling that this is going to happen, if you look at he RSI on this period chart we have already formed an higher high and we could be about to create an higher low so this is a very possible scenario out there but there is still a lot of days remaining for the week to finish, that is why I didn't posted the RSI indicator this time...
Are we going to retest the broken trend line or at least the yellow support line and create a W before bouncing back up? it's very probably I think. please don't forget we are still in an ascending parallel channel in this weekly chart, we could be in the way up next few weeks and till this channel support line is not broken we can't say this is a bear market yet,...
Bitcoin is forming 3 different patterns at the same time, 1 bullish falling wedge that could break to the upside and complete the bearish rising wedge pattern formation and also continue inside the bearish ascending broadening wedge too.
BTC could be in the way to retest the broken down trend before continue to the upside.
sorry I was not able to put any ideas since about 2 weeks, I just recovered from covid far away from my home and I didn't have my computer with me, I have been observing this rising wedge from my phone since about a week ago, well I still on time to post this, I hope we don't break this to the downside, that would be bad news. (fingers crossed)
I can't wait to see this happening and I think it will, fingers crossed and good luck everyone.
Did we hit the bottom or is about to come? whatever it is we could be very close to begin a new super parabolic run. I don't think BTC will go bellow 29k again so fingers crossed, this is an opportunity to accumulate as much as you can I believe, we could be very close to the bottom as I mentioned in my previous ideas, I can feel it.
We are breaking down a bearish pennant and we could have a fake out, we have bullish divergences in the RSI since 2 days ago, I normally like to see them in this one hour chart but this month have not been so accurate, so not sure what could happen in this short time.
Daily RSI is over sold and hit 20 level this week in our daily chart historically we have hit this level only 11 times since 2011 and only break a bit bellow 7 times from them with only one time in history a lot bellow in November 2018 (check BLX brave new coin chart for historical data) we are also making support right now, are we going to have a leg up soon? it...
BTC is so close to our historically RSI Monthly minimum levels, so this is something that we cant ignore.
Watch closely this mind blowing chart, this could take most of us by a massive surprise when every one is thinking this game is over and this is only one of the possible scenarios that could happen out there, you never know but the bottom could haven been hit already, if not we still can make bottom at the blue line and create a massive weekly double Bottom that...
This is only a possible scenario, remember that anything can happen there and it could be a lot of possible ones but I think this could be one of the most likely out there, let's watch and see.
We need to break this Symmetrical triangle in a couple of days from now at any time, this could be a serious move and bitcoin have to decide to continue in a bull market or a Bearish one, fingers crossed, I still think that we didn't hit the top yet and this could be about to come soon, fingers crossed.
The Strong support line since the 4th of October 2020 was hit yesterday the 7th of January as I mention a few weeks ago and again today, we are also retesting again the previous falling wedge, we have to hold this support lines to avoid a catastrophic scenario, if we manage that prices should move to the upside from here, in my opinion I still think we could see...