Favourwright

Favourwright Updated 

So technically, we're still maintaining the upward trend in the lower part of the channel, I've made a little adjustment to the channel to account for the "correction" some hours ago. I've spotted a bearish triangle which is really suggestive to a downward breakout combined with the recent bearish activities. Please trade with caution and watch this triangle...

Favourwright Updated 

I have reasons to believe we've entered BTC trend-reverse phase :_( The middle resistance line of this channel looks like its been broken and it doesn't look like the bulls would be able to keep the upward trend in the lower channel Lets keep an eye on the next 2hrs candle

Favourwright

This channel has been respected since I first drew it. The resistance and support has been phenomenal. Even with the minor correction, it still stood strong. Throw in some fib retracements and lets strategize in the comment section. Happy trading. Cheers

Favourwright

I just spotted a bearish triangle that might lead to a double bottom. Please trade with caution

Favourwright

Lots of uncertainty as to main direction. On higher timeframes (4hr 24hr) there's still suggestion of an upward trend

Favourwright

BTCUSDT in a rising channel? could it be this simple? If this is true then I suppose trend-reversal is imminent Lets keep a close eye on this one

Favourwright

The trendlines are not perfect but lets watch and see what happens

Favourwright

We just broke-out of a bull flag but it looks like we're not mooning just yet as a rising channel resistance seems to be holding

Favourwright

It looks like the bearish traingle resistance line would hold and BTC would fall again

Favourwright

From a few indications it seems there's a breakout... Volume confirmation next!

Favourwright

on the 1hrs chart seems a bullish channel is forming meaning price would gravitate downward towards the lower boundary in short-term

Favourwright

After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line. That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control...

Favourwright

I hate to be a bearer of bad news but on the 1hr chart an ascending Channel has formed which suggests that a downward trend is immenent