Matthew1972

Matthew1972

- 200 week moving average - Long term (log chart) support line You may expect some support here but with the US markets about to open (and probably dump like in Europe, e.g. Dutch AEX dumped 3,4%). Very interesting to see what will happen. Nobody can predict. The support levels are clear. Will we wick below (temporary?) Or will bitcoin show its...

Matthew1972

Legacy trendline on the LOG chart

Matthew1972

Support found here and bend to the upside inside the decending wedge. Could break out when touching the top of the channel

Matthew1972

Pre halving hype drive. Simular to LTC in 2019.

Matthew1972

Beautifull picture of BTC on the daily chart after it broke out the downward channel on the 14th with a big green dildo. As so often after a breakout the asset is testing if prior resistance has become support. The last three days we did test not only the topline of the downchannel but also the EMA’s just below BTC (20, 50, 100, 200). Fib at 50 is also nice. Al...

Matthew1972 Updated 

Below all averages (band) on the daily but above support. Volume going down. Fundamentals (still january 3 mister Vitalil?) would suggest a pop to the north to respect and contribute to the larger ascending triangle. It might as well dive south. Nobody nobody nobody knows. 50-50 if you ask me

Matthew1972

Supported by the 786 fib level, BTC looks te be making a diamon reversal pattern. What do you guys think?

Matthew1972

I expect BTC to find support just above 8500 at the 618 golden ratio fib level. This in perfect combination with a falling wedge breakout. If you look at Bitcoins past performance, it has respected the 61.8 fib level many many times during previous bull cycles. This, if you believe BTC is in the early stages of a new bull market like I do myself.

Matthew1972

Bullish pennants have high volume during the "pole candlesticks" and decreasing volume during the flag. BTC is showing just this! To determine the price target, take the pole hight (approx 40%) and place it at the breakout which would lead to a target of approx 13200. Cheers

Matthew1972

Beatifull to see that BTC is now being supported by the topline of the decending triangle it blasted through! It is key that it holds or we might have a fakeout

Matthew1972

Why would this not be bullish?

Matthew1972

What do you think?

Matthew1972 Updated 

Hopium? Just a repeating pattern

Matthew1972 Updated 

Target would be around 13000

Matthew1972

Complex patterns only BTC can produce

Matthew1972

Yes, the decending triangle is bearish, but...... Look inside: Inverted Head and Shoulders Bullish trending line to the upside. Am I seeing things??

Matthew1972

BTC bounced at a powerfull crossroad support of: - EMA55 (has been strong support in previous bullruns) - 0.618 FIB level, golden ratio - RSI support. Looks like it wants to go back up - Trendline support It might Always dip down (fakeout) to briefly touch the EMA100-150. But I would expect it to get back above the EMA55 (or 50 if you like) very...

Matthew1972

Has to drop a bit to get to golden 0.618 fib for reversal point