JoelRBishop

JoelRBishop

The bitcoin network difficulty has crossed the signal line on the 2 day chart and the 3 day chart for the first time ever. This could be an interesting long term sell signal.

JoelRBishop

Bitcoin Head & Shoulders rejection target would line up with the Bitcoin Power Law Corridor resistance line at about 100k....

JoelRBishop

Bitcoin Linear Regression Weekly Trend Broken

JoelRBishop Updated 

On the 1 day chart, Bitcoin is now below the 200 and the 233 EMA . (yellow and orange) The 20 SMA (pink) has met the consolidation triangle at the top of the current candle. Usually the price of bitcoin follows the 20 SMA closely if you look at the past price action. Yesterday we had a bearish engulfing candle. With the combination of these things, I would...

JoelRBishop Updated 

I believe this will happen for Bitcoin in the future. I am logging off for a bit. Hope trading goes well for you all in the meantime!

JoelRBishop Updated 

Bitcoin consolidation continues within the triangle for now. Keep an eye on the 20 SMA.

JoelRBishop Updated 

Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k! Good luck

JoelRBishop Updated 

Bitcoin is meeting resistance at the middle of the Pitch Fan on the 1 hour chart

JoelRBishop Updated 

The 10 hour chart on Bitcoin looks super bearish in my opinion. Price is below the cloud. The 50 SMA is pointing down and bitcoin hasn't been able to get back above the 50 SMA on hardly any of the hourly time frames.

JoelRBishop Updated 

Looks like 15k is the target on weekly Ichimoku cloud support.

JoelRBishop Updated 

Bitcoin has closed within the 8 hour Ichimoku Cloud and could be looking at an edge to edge move inside of the cloud. The Tenkan (blue) has crossed over the Kijun (orange) which suggests a bullish continuation.

JoelRBishop Updated 

Bitcoin has a buy signal on the 7 hour chart using the Follow Line Indicator. It looks like we could have a large size move from this signal based on past results.

JoelRBishop

Future forecast for the Tenkan (blue - short term moving average), Kijun (orange - long term moving average), & Senkou Spans (cloud - red resistance & green support) is provided on the chart for the daily timeframe.

JoelRBishop Updated 

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JoelRBishop Updated 

Looks like a possible continuation triangle pattern with volume /distribution towards the top of the triangle. ABCDE pattern could be completed with possible break down/continuation to the downside in the future. Recent price action slightly broke out of the triangle pattern but it looks like that was to go up and touch the volume point of control which was...

JoelRBishop Updated 

With the new monthly candle for June, we have a confirmed strong sell signal on the monthly chart for the first time since 2017 via the Wavetrend Oscillator. Don't stare at the chart all Summer, enjoy the nice weather! :-)

JoelRBishop Updated 

Currently, Bitcoin is in a No Trade Zone in my opinion. I don't see a great signal in either direction. I would like to see BTC move up to somewhere between 45-47k next but could definitely see the possibility of it falling to the 18-20k area just as easily. When trading, I suspect that most people lose money easily in the midranges where the price action is...

JoelRBishop Updated 

Bitcoin has possibly formed a double bottom and headed to around the 45k mark