Cryptolover333

Cryptolover333

Btc most likely scenario to watch is at some point we could end up breaking this ascending triangle to the upside and start looking bullish again we could also break it down (less likely) we could also have this bearish pennant looking formation too but in daily chart it looks more like a Falling wedge (bullish) .

Cryptolover333

This is good news for bitcoin, we have 2 bullish pattern formations and at the same time we have been creating bullish divergences that most likely will reverse the trend soon or later, I also have some other indicators that are flashing a buy signal right now, I will post that idea soon. I strongly believe we could break out this falling wedge soon, most probably...

Cryptolover333

We could have hit the bottom already if we move the line a bit, but I want to warn you that we could also have a bearish pennant formation if we make resistance on the purple line (it would be a Symmetrical triangle if is longer than 3 weeks but is only 2 weeks long for now), so anything can happen here right now, if we break this down we could see serious...

Cryptolover333

It looks that we are creating an ascending triangle we could break this at any time from now or up to a few days time, we could break this up and hit the blue doted line and start forming an ascending channel if we don't manage to hit the target, that is a 26% move, but we could also break this down, ascending triangles tend to break more often to the upside...

Cryptolover333

The right shoulder was formed not as big as expected and we breakdown but we didn't hit the target yet and we may not hit it , we also have other patterns there, I will post some ideas of them patterns soon.

Cryptolover333

We could be forming a Head and Shoulders Pattern in this 4 hours chart, but there is still to form almost the full right Shoulder to complete so this is not 100% sure yet, only a possibility, $31,500 could be the target if we finally form this and break it down, but watch for fake outs please, to many out there.

Cryptolover333

We are following an ascending channel inside a Rising Wedge, We are finding a strong resistance right now, I believe we could hit the top of this channel this week at around $38 k and drop again after, the 7 weekly EMA will be a strong resistance to pass, believe it or not that line had been acting as a strong support week after week almost in all bull market and...

Cryptolover333

Btc is going to start a new candle most probably outside this falling wedge in the next 2 hours, this could lead us to break the double bottom formation to the upside and hit at least the purple line.

Cryptolover333

Possible trend reversal could happen, we are breaking down a Diamond top on this one Hour Chart.

Cryptolover333

Btc could be in the way to create a new lower low if we breakdown the rising wedge too, it could be inside a descending parallel channel and is only a possibility from many out there.

Cryptolover333

We most likely could continue with the downtrend if we break this pennant down.

Cryptolover333

Whatever it may look, we could be forming a Diamond Bottom that could break to the upside at the end of the summer and lead us to change the trend and start a new supper cycle, this is only a possible scenario from many out there.

Cryptolover333

Are we going to hit again the blue line? We had previously hit that one 3 times and if we break this small pennant down we could have another hit, also the dotted line pass for the same point, we could break the pennant up too but chances are smaller.

Cryptolover333

We broke the pennant down inside this descending broadening wedge but are we going to break down the M formation? if we do we could fall hard and may create a new lower low.

Cryptolover333

We have a bearish pennant formation in the 4 hours chart and we should break this to the downside as a continuation pattern, if we break to the upside things could look very bullish, be careful with the fake outs.

Cryptolover333

don't throw fireworks yet, btc could drop more but we have a small chance of going up still.

Cryptolover333

Btc could be bouncing here, but if we break down the bear flag those are very possible support lines to hold the price.

Cryptolover333

We could be about to break down what it looks to be a massive bear flag.