JMacRae

JMacRae

As you can see BTC is currently in an ascending triangle and most importantly we are having a go at breaking out of the purple downward trend line. This trendline has been extremely accurate with regards to how BTC has responded to it. With the support of this ascending triangle we will break through this resistance and go on to complete the head of the inverted...

JMacRae Updated 

As you can see there could be an inverse H&S pattern forming inside a big one, The price target for the small inverse H&S is exactly the same as the neckline of the big one ! If these do indeed form, we will be at 15,5k by mid April. We can only hope, but fundamentally BTC is doing great. Keep on keeping on, see you lambo rambo :)

JMacRae Updated 

No one panic, in my opinion we are being supported by this broadening ascending wedge. I think we will ride along the bottom of this until we get enough volume. But going strong i think !

JMacRae Updated 

I would like to argue that we are still testing the trend line . Looking on the 4h chart you can see my trend line seems to be pretty accurate so far, our momentum seems to have stagnated at the moment. Some authors have argued that this is because we are now using the trend line as support. I think this is because we are still testing this resistance ! We do...

JMacRae Updated 

Looks like a reversal could be happening, this was a needed retracement in order for us to have enough momentum to break through resistance with enough momentum to not just slide along the top ! Lets see what happens, we need volume now !