BTC have almost made support again in our falling wedge, it could form a double W pattern break to the upside and finally breakout the wedge.
We are almost making support in our parabolic curve in this weekly chart and we are only creating our new higher low and soon we could be in the way to create a new higher high, I still think December is going to be huge.
Bitcoin had hit the bottom of this descending Broadening wedge and we could be in the way up now, soon or later in my opinion we could break this out and continue in a parabolic move.
It looks bitcoin hit the bottom already here, we made support with the candles in what it seems to be looking like a falling wedge pattern and we could potentially be in the way at least to retest the resistance line and most likely breakout after, Stochastic RSI is also crossing over from 0 and RSI hit the support line too. Also in the 4 hours chart it looks to...
We are just breaking down this bearish pennant pattern and if is not a fake out we could find a strong support in around $62,200, (See my previous daily chart idea)
Bitcoin seems to be forming a rising wedge in this daily chart, we have retested twice the previous symmetrical triangle and could be in trouble if we lose support with the possible rising wedge (blue line) but this and the 21 daily EMA should act as a very strong support.
We have just retested our Symmetrical triangle a bit late, the price of bitcoin should continue to rise from this support most likely.
We could be about to break this ascending triangle and Symmetrical one almost at the same time, Sorry I mention bullish pennant yesterday in one of my ideas by mistake, it is longer than 3 weeks so it's a Symmetrical triangle here.
We most probably are creating a base 2 of a parabolic curve in this weekly chart and soon we could be heading to create the base 3, after base 3 we could see prices doubling up in a short period of time so be prepare.
We have 2 bullish patterns inside a bearish one, we can't lose support with the bullish pennant or bitcoin could risk heading to the support line of the ascending broadening wedge but in my personal opinion I thing we will break to the upside.
This scenario is very similar to the idea I posted on the 23rd of October before we breakout the falling wedge and now still forming an ascending triangle, the time is running for a breakout most probably and continue in an upper direction after.
Bitcoin is trying to breakout from a possible bull flag or falling wedge or even a bullish pennant and eventually should manage to breakout but we also need to keep an eye on this ascending broadening wedge that I believe should break down at least in January and not now, we could even have a breakout and back down after Christmas, that is what I believe.
Bitcoin seems to be forming a falling wedge in this 4 Hours Chart, but looks more a bull flag in the daily chart, it needs to breakout soon or later and it most probably will I believe.
BTC seems to be forming a Bullish Pennant (yellow lines) and this should break to the upside but we could also break to the downside and keep forming a bull flag instead, whatever it is I expect bitcoin to finally breakout with a target of $87,000 most probably for the next Month.
Thinks are looking great for bitcoin, We found a big support with 2 lines previously acted as a strong resistance and now we should find support there, so things still looking as expected.
Is this going to be an ascending triangle to finally breakout? lets see what plays out!
Bitcoin could soon or later breakout from this falling wedge, and we could see our next pump after we breakout this pattern.
Bitcoin could easily hit $140,000 by the end of this year, btc could start a parabolic run after breaking up this ascending triangle and could soon hit the green line on this chart, in my opinion it will end up happening.