Lodestar

Lodestar

Cloud breakout + aiming to break out of triangle to upside. Traingle measurement lines up with 1.618 fib, targeting $25k. Good luck folks.

Lodestar Updated 

Please share your thoughts

Lodestar Updated 

Close below trendline. Trying DeMark's method. I don't suggest shorting, just testing out the method and looking for buy area. Low 8000s area may also act as support.

Lodestar Updated 

Bitcoin has formed a H&S structure which has the potential of reaching the ~$5200 level. Watch for a break out of the red + blue trendlines and the prime time to enter would be a retest of the broken trend. It is possible that this structure will be invalidated due to the very strong downwards trendline which was recently rejected, but we have to consider all...

Lodestar

We have formed two structures pointing to the 2900 level (check out last one: ) If the price breaks and closes below the 3500 support line, we should expect the price to head to at least $2900 (determined by the height of the triangle). The ideal entry would be if the price broke the support line and restest the broken support line, but entry is still good as...

Lodestar

See if the next hourly bar closes outside of the wedge and enter.

Lodestar Updated 

There is a possible h&s structure forming. I would look for signs of reversal below the red horizontal line for entry which will finally form the right shoulder and a break in neckline will confirm. This structure is invalidated should the price surpass the red line. Although this structure determines that the target is 2900, I believe that this movement could...

Lodestar Updated 

The rising wedge has broken down and has retested the broken support line. Now would be a great time to enter!

Lodestar Updated 

Here we have a descending triangle which tends to break to the downside. However, a convincing break and close of the very strong $4000 resistance is needed to see $3000. In the case that we instead break the resistance line, the target should be the height of the triangle ($1000) from the break of the line which would be a target of $5000 minimum. Please share...

Lodestar

To support my last idea (), we are in a large rising wedge which has a good possibility of breaking. Since the Stoch RSI is currently oversold, we could see a break and then a retest of the support line which would be a great time to enter (but entering at break and close is ok also).

Lodestar

If this pattern plays out properly, we could see as low as 3000. Stop loss above right shoulder. Take profit is the price difference between top of head and the neckline. Entry on break and close of neckline or on retest of neckline.

Lodestar Updated 

Looks like the 2h rising wedge broke down, maybe it is heading to the support of the larger 1d rising wedge on the right. We could possibly see 5000 or even a bit higher, but there will be a big correction before we resume the uptrend. I might be looking to buy at around 3800 depending on how it's looking. Tell me what you think, thanks.