Gaps on the CME Futures chart always get filled a few days later, so expect a drop in the bitcoin price soon.
If the breakout of this descending triangle pattern is bearish it gives us a bottom target of around $4555 USD per bitcoin.
Following a bullish breakout of a descending channel pattern my price prediction for bitcoin of around USD $4000, and then some retracement can be expected, but it looks like the bulls are gaining strength once again. Most of the panic sellers have probably sold their bitcoin now to institutional investors, and the remaining HODLers are optimistic that prices will...
Bitcoin price looks like it will fill the previous gap down in the next few hours.
Which way do you think the breakout will be?
Waiting for breakout of this channel, and also it is possible to trade the tops and the bottoms of the channel until we see a breakout occur.
My short term analysis, looking for confirmation for an entry for this short term trade.
We will either see the bitcoin price go lower below the 20 period moving average, or it will act as support. Either way there is opportunity for a trade.
Debenhams will be going into overbought conditions soon and there will be the opportunity to trade the pullback. So look out for confirmation of the pullback beginning in the next few days and short this stock when the price starts to drop. It should not go higher than the 50 day moving average so I would suggest putting your volatility stop loss there. Good...
I'm hoping that the bull trend continues but be aware of this flag pattern on the daily chart. If the price breaks below the line it could go down further giving the opportunity for shorts.
The RSI level is in the overbought area at the moment so I expect a small cool off, followed by resumption of the bull move. This means there could be a small opportunity to short the bitcoin price over the next few hours.
Looks like confirmation is just about in for this double bottom pattern on Equifax stock (EFX). There is also a gap down that needs filling on this chart.
Look out for a break to the downside
Looks like the bitcoin price came very close to all time support but I don't think it's broken down through it.
If tomorrow we see the bitcoin price increase and hit the green box, this could be confirmation of a bullish fakey pattern with a target of 6910 which would be very nice for the bulls and any HODLers! If the price dips lower than today's low though that would be an indication that this pattern is not valid and we need to keep looking.
The bitcoin price is in an ascending channel on the 15 minute timeframe. If the price breaks downward there is possibility of profit on a short sell.
If we see a breakout to the upside it could be a nice little bull run for bitcoin. Wait to see confirmation.
Keep an eye on this stock as following confirmation of an Adam & Eve Double Bottom pattern we could be looking at a target around 85 with a stop loss around 52.