MrInvertigo

MrInvertigo

Its been a while with the current downtrend and ETH is starting edge towards the top of the current trend (top green line on the chart) and could quite possibly break through (marked yellow on the chart). Look for a solid breakout, a touch back to test for new support and if support holds, a move up.

MrInvertigo

Watch for a breakout candle to form above the top green line. However, based on BTC's last fake out on the 4 hour charts (circled in yellow on the chart) it would be wiser to look at the 1 day chart for a confirmation candle to be printed above resistance before confirming a breakout.

MrInvertigo

BTC breaks though the multi month bear trend. Good job on hodling all this time you diamond handers.

MrInvertigo

MATIC has been printing a nice bull flag pattern. It's also just broken through local resistance to hit the top of the bull flag (top green line marked on the chart). Look for a retest of support (previously resistance marked on the chart by the blue "Support" line) and possible break through the top of the bull flag for confirmation.

MrInvertigo

On the 1hr time scale you can see a nice double bottom forming. For this to be confirmed, BTC will have to rise back up to the neck line and break through. It is does, look for a small retest of the neckline for support (previously resistance) and if it's able to hold as support then look for a rise to the top (marked by the top blue line on the chart).

MrInvertigo

Ethereum has just printed a breakout of its current pennant pattern. Look for it the go back to $4150 to test as support and then press on to $4375 to test the all time high. New Ethereum all time high on the way is quite possible.

MrInvertigo

Bitcoin has broken through its current pennant pattern (marked on the chart with green lines) and will be looking for a new all time high in the coming weeks, perhaps even days. Usually the trend will come back down and retest previous resistance levels (marked with the top green line on the chart) to see if it can find support. If it does, this is a bullish...

MrInvertigo

Ethereum is testing its upper resistance level and if it's able to break through the top green trend line (marked on the chart) it can easily reach a new all time high. Ethereum has been in a sideways consolidation trend for the last 5 months. If we take a look at this trend you can see the bottom trend line was formed at the start of the pandemic back in March...

MrInvertigo

Get ready for a big move for BTC. BTC is attempting a break through of the previous resistance (green line on the chart). After it does, it will come back and retest the green line for support. If it's able to hold, it's probable that BTC will make a big impulsive move up.

MrInvertigo

Ethereum has printed a Golden cross and done a nice move up. Currently it retested the 50 day moving average as support and it sprung up like it touched a hot plate, showing good signs of support. If we look above this area we can see resistance levels starting at $2,850 and rising up to the all important psychological level of $3K. Ethereum will continue its...

MrInvertigo

On the daily time frame, the death cross is in. That means the 50 day moving avg has crossed the 200 day moving avg. It's a bearish pattern and could mean a future down trend for Bitcoin. In the short term you could see a rally. This is known as a dead cat bounce. That could go as high as a 50% retracement before turning to the down side. From it's current down...

MrInvertigo

Look for a breakout to the 42k level if BTC is able to push through the top green line in it's current pennant pattern.

MrInvertigo

So we've had a slight correction in the markets. Not just BTC, not just crypto, but all of the stock market too. If you've watched the markets for a while you start to understand, there is a correlation between BTC and the stock market. Theres also a correlation between BTC and the rest of crypto. When BTC drops, it pulls everything down. It's been only recently...

MrInvertigo

BTC has been following along it's current trading channel for a while. However it's running out of time for a decision. Each time BTC tests the upward trending green line, it weakens. I've noticed over the years that the fourth or later attempt is usually when resistance/support fails. However, Bitcoin has already hit support a fourth time and survived (marked...

MrInvertigo

BTC looks as though it has printed its bottom and is recovering nicely. This ascending channel has held and continues to be the current trade channel. If this holds true this could be the bottom of a very bullish movement. The charts seem to point to at least 80K and that's a minimum (circled in yellow on the chart). BTC can go as high as the top green trade...

MrInvertigo

BTC has had a correction occur with it breaking out the bottom of it's current price trend. However BTC has two levels of support with the first proving itself a worthy adversary to the current bearish movement. BTC can go to as low as $53K before finding the first level and as low as $48K before finding the second (marked on the chart with yellow arrows). I...

MrInvertigo

Bitcoin has broken out of its current pennant pattern. There are a few confirmation candles printed before falling back down to retest the old resistance level (now support) before moving up towards a new all time high. Look for BTC to push up towards the 65K region in the coming days before finding resistance.

MrInvertigo

Look for a short rise followed by a retest of the top green line before a rise to a new all time high.