Eli550n

Eli550n

ST price action suggest a breakdown from bear flag to high 20k region 6-7 Feb.

Eli550n

BTCUSD rangebound in a rising wedge. Breakdown to 30k levels fm 31 Jan 2022. Bearish.

Eli550n

Critical fundamental drivers including FED interest rate rises, inflation fears and global economic instability are driving all financial markets as of Jan 2022. Key horizontal support and resistance lines denote strong buying opportunities in this downtrend before a bullish reversal upward toward and above the blue long term uptrend line.

Eli550n

Gann analysis predicts a cycle top of $337000 for BTCUSD.

Eli550n

Btcusd daily chart trend analysis: a stronger likelihood of a bullish breakout by measured move target $52200. A breakdown could see $22000, again by measured move. The bullish case remains the stronger of the two given the current trend.

Eli550n

Currently a weak breakout of the bull pennant but primed for a pump >14k above the long term trend line from Mon. Previous test of 13836 failed but rejection minimal due institutional and corporate buys. This is strengthening BTC price floors at all levels below current price (not just historic support and resistance). Lock down news and election unlikely to...

Eli550n

Price action honouring the bullish ascending wedge with a late Aug breakout to the upside forecast. There is still the potential for further downside (isn't there always ;) with a test of support around 10k possible. I still anticipate a breakout to the upside thereafter due to the huge institutional investment going on atm. The earlier fakeout above 12k led to...

Eli550n

Wedge with fib retrace overlay, short uptrend to 9160, bounce of the trend line then down. Fundamental news will drive the bulls or bears out of the wedge in the coming week. I remain long term bullish on BTC however.

Eli550n

Ascending wedge pattern on ETH 1 Hr chart. Next leg up within 48hrs. Further FA support with Constantinople upgrade scheduled for Feb 27.

Eli550n

Zoom out in the log scale and the vision is bullish

Eli550n

Beyond $4500 I'm not sure where BTC will go. If no major market influence it looks like a continued steady decline. I think it's unlikely that there will be no major market influence however - institutional investment/FIAT recession. My plan to re-enter at $4500.

Eli550n Updated 

I see the next breakout given the current uptrend at around 1200 today GMT. Next target $11000. This is not formal financial advice.

Eli550n

Based on the 2017 gradient, the current bullish trend of BTC shows a convergent and accelerated gradient towards the 2017 gradient. Beyond 10k and potential FOMO triggers it's likely that this growth will correct further and faster towards a steeper growth to 20k and beyond.

Eli550n Updated 

Continuation of up trend. $9500 next major res.

Eli550n

I see a key date of Feb 19 for a defined trend showing either a bullish breakout at the end of the wedge which appears to be in equilibrium at $8600 or a resumption of the bearish trend seen so far in 2018. Key drivers are FUD feeding the bears and 'a lack of FUD' feeding the bulls (unless another 'Giancarlo SEC hearing type moment' occurs). Perhaps more news on...

Eli550n

Here's the next bounce

Eli550n

I'm fairly new to this but here's a rough idea of where I think we're headed with BTC. The 2 major support levels IRO horizontal lines: the price balloons through the 1st level and bounces not lower than the second. We see the start of the correction late Mar/early April and good buying opportunities here. I see short term bounces all of the way down with the...