The death cross is almost here, this weekend will happen, are we going to see a mayor dump or not? sometimes we did and sometimes we saw a pump too but eventually prices are more likely to keep falling, lets see, we may not always see that but I am very bearish now only for some weeks maybe, we could also have a fake death cross and follow up with a golden cross...
Btc is in a critical moment now, in 4 hours chart the rising wedge looks broken but in daily one we are making strong support, we need to bounce back at least in our strong support line if not we could expect the worst.
We could be forming a falling wedge or a descending broadening wedge in the weekly and daily charts and at some point this year we will need to break them to the upside most likely, I can't wait to see if any of those plays out.
Bitcoin seems to be creating another bull flag in this 4 hours chart, we could create a W before we hit up, lets see what plays.
we have a good chance to reverse the trend and start moving up soon.
Whenever we break any of those wedges up we could start our new parabolic run and start our new supper cycle, this could take till September if we don't manage to break them in the next resistance , but eventually we will break them up most likely as those formations normally breaks up, we could see prices at the end of the year over $150,000 easy.
We finally broke down the bullish pennant, (the most likely scenario happened) but yesterday we had a false breakout and hit the top of the rising wedge, I am now expecting to hit the bottom of the wedge and continue up after, but anything can happen and the rising wedge could break to the downside too at any time, but I don't think is the time yet.
Gold is forming a super bull flag on daily chart, this could drive the prices crazy in a couple of months.
We are still inside this bullish pennant and this have been extended now and could break at any time from now till tomorrow, but most likely today. This formations normally break to the upside but I believe we could break to the downside most probably and hit the support line in the rising wedge because we have formed a lot of bearish divergences in the 1, 2, 3...
Is this bullish pennant going to break to the downside instead of the upside? this formations normally break to the upside but we have been forming bearish divergences all night, we have maximum 2 hours left for this to break.
We could drop next few hours and create a new higher low in the daily chart, in this one hour and even 2 hours chart you can see bearish divergences so be careful, you never know, this could be an M and drop.
This is an idea of where we can make resistance and support in this weekly chart, did we hit support already or are we going to hit the next support line bellow? lets see what is gonna happen first!
Bitcoin is finally in an uptrend, the RSI was indicating that since the 23rd of May, we had been having bullish divergences for almost a month, if we continue this uptrend we could maybe avoid the death cross, things are looking better now but we are not out of danger yet and we could be making resistance in the 8 Weekly EMA at around 42k (it was acting as a...
Cardano could be retesting this W neckline and form an ascending broadening wedge after.
Are we going to breakout this massive W formation or are we going to continue into this rising wedge? if we break up the pump would be massive. We broke the bull flag and the 21 EMA and Symmetrical triangle was making resistance for a while and a soon as we pass them we have observed a pump, I believe we could be inside this rising wedge now but if we break this...
Possible bull flag could break to the upside in a couple of days from now, is this going to play out?, my previous idea of the bullish pennant didn't play out and I am very sorry about that but now I am thinking this could be a bull flag instead but there are many possible scenarios out there, I have a strong feeling this could play out but you never know 100%,...
We have a very possible scenario here, but remember that anything can happen.
Are we going to hit the bottom of the pennant first or are we going to break out before? very possible scenario to play in half a day maximum.