Bitcoin has retested the previous Symmetrical triangle line that broke to the upside on the 23rd of October last Month and soon could be on the way up again, has also retested the bottom and even went lower by $67 in this Coinbase Chart, we could retest it again or bounce back from here but what we don't want to see is breaking this support line, acting as a...
Unfortunately the rising wedge I found last week and talked about that here is playing out and I have been ignoring it since last weekend, at the same time we have a double top with a target already done, I have got a long position in the yellow line, that is the target of the rising wedge and fingers crossed it could bounce back from there if it hit that line, do...
Bitcoin could be creating a rising channel now, unfortunately the bull flag didn't play out but we are still in an uptrend, so fingers crossed and good luck!
A bull flag seems to be forming now after the bullish pennant in one hour chart have broken down but now it could be forming a bigger pennant, I am updating this idea in the 4 hours chart now and also if bitcoin breaks down the extended pennant support line it could continue to form this bull flag that most likely will end up breaking to the upside to continue in...
Bitcoin is forming a bullish pennant that could end up breaking out to the upside and if it breaks to the downside we could end up forming a bull flag as many times seen before so keep an aye on this because this formation is a continuation pattern and remember that in the daily chart Bitcoin managed to breakout from a raising wedge, a continuation rally could...
Bitcoin needs to keep outside this rising wedge when the candle closes tonight so it can make support with the next candle and bounce back from there so fingers crossed and good luck, everything is looking good here!
At the moment Bitcoin is above the 20 WSMA and soon could be in the way to retest the 200 WSMA, lets see how it finish the week, it also looks like it could be forming a curve here also in this chart after breaking out from the previous resistance, so be patience and smile after.
Bitcoin has to break this falling wedge to the upside to avoid a bad scenario and at least it has been trying all day so fingers crossed and see what happens next, if this happens bitcoin could start moving in a parabolic curve so fingers crossed and good luck!
Bitcoin has finally breakout as expected and has been making some resistance today in the blue line but managed to breakout after and now is acting as a support, it has also been a fake out before in what is looking a possible raising wedge (red lines) and needs to breakout to the upside in the incoming days to avoid the worst scenario, fingers crossed and good luck!
A breakout could happen at any time from now till the end of the week, we could be inside a bullish pennant and break to the upside but in the worst case scenario bitcoin could also be forming a descending triangle and break to the downside but it could make support where the red arrow is and this could be the higher low that bitcoin is looking in the daily chart,...
This is an update on my last idea posted a couple of days ago, the possible double top looks more clear now and could play out very likely, we have formed some bearish divergence in the RSI and could go down a bit but I think the green support line could stop the price going bellow and if not the ascending parallel channel could also make support and continue to...
There is a possibility that bitcoin could be forming a double top with a target in the bottom of this ascending channel, so do not panic if this plays out, it could happen or not but remember this, Bitcoin is in an uptrend and the trend is your friend! so if this plays out we could continue after in an uptrend an create a new higher high, so be patience because...
Bitcoin is starting to form an uptrend in this Daily Chart with higher lows and higher highs, we should create a new Higher Low at some point maybe soon, so do not panic if you see prices going down a bit, we should continue upwards after and things here are looking great, good luck!
Bitcoin has finally been able to break to the upside this Symmetrical triangle and also a falling wedge, I am expecting here to be most likely a trend reversal and soon we could start smiling again and think that this bear market could be over, fingers crossed and happy trading everyone!
Ethereum has finally been pumped today and is now outside the bigger Symmetrical triangle, lets hope this is not gonna be a fake out and tomorrow could retest it to continue in an upside direction the final target could be $2,500 but this breakout could also trigger a new target of the falling wedge at almost $4,800, so most likely on the next few Months we could...
Bitcoin is getting away from the danger zone and is now moving in the right direction after breaking out and retesting this Symmetrical Triangle, the S&P 500 broke up a W pattern too in the daily chart as expected and this could drive Cryptocurrency prices to pump more, everything is looking good and a new bottom is now less likely to happen, so fingers crossed...
S&P 500 is finally breaking out this W pattern as mentioned yesterday, we could retest it tomorrow and continue to the target the following days (top Green Line) and hopefully after we could breakout the green line too (descending broadening wedge) that soon or later needs to happen, this is also driven the Bitcoin prices in the right direction!
Ethereum and Bitcoin are right now in the same boat and could soon pump this week and very likely tomorrow, fingers crossed and good luck!