MultiG8

MultiG8

Trend analysis since inception. Could it be or have we not even seen the first real dip?

MultiG8

BITCOIN has a powerful triple bottom! We're about to cross over the 100 day w/ the 50 day and then up to the 200 day and after that I don't know where! The moon maybe? What's to hold anyone back from being a buyer right here? Surely every analyst out there can see this powerful pattern with their own eyes!

MultiG8

I'm noticing this beautiful double bottom with handle on AVAX so I'm picking several points to prove my analysis. One the price continues to move up out of this handle. Two the price moves above the left side of the W. Three the price moves above the right side of the W. Four, if the price does fall down to the 50 day SMA as a test of support, it bounces off...

MultiG8

BLZ Broke out FEB 4th and rose with volume to FEB 16th ish. Rose all the way from 13 1/2 cents to 24 1/2 cents which is almost double so I hope profits were taken. Then there was an extremely sharp fall back to the point of breakout and a little lower. Now it has broken through the .236 FIB so I would be a buyer with the expectation of the .5 and .618...

MultiG8

A few hours ago Bitcoin pumped strongly but then dumped. Found support and now we're bouncing. We stayed within the assymetrical triangle that should resolve by mid-April and prior days suggest up and out!

MultiG8

My idea is if we hold today and don't go any lower, having already learned the news that Russia is and did invade Ukraine, then the principle of "buy the rumor and sell the news" is in play, only on the short side. In other words, people shorted when first hearing of Ukraine and now after knowing what Putin would do we had another move down and now my thought is...

MultiG8

Bitcoin is currently in the short term ranging between 45600 and 42000. There’s a very short term support level in between that at around 42500. Price is attempting to form a cup w/ handle pattern which could explain the current drop down toward the 42500 level as weak holders are shaken out. A return to upward movement would create an early entry for traders...

MultiG8 Updated 

MY VIEW OF BITCOIN'S DOWNTREND SINCE NOV 9TH Recent downtrend of Bitcoin beginning Nov 9th 2022 is shown in turquoise and purple downtrend lines. Dec 21st shows an attempt at reversal that failed Jan 5th. Dec 4th lows Were retested on Jan 10th at 39650 but a reversal played out on the 11th with a follow on day on the 12th and then a rise to a high of 44453...

MultiG8

Link has overtaken the 200 day average and needs to overtake the 50. The RSI and MACD and movement into the cloud indicate an upcoming move up. Volume is lacking but may pick up as LINK makes it above the cloud.

MultiG8

This turnaround (probably temporary) is a good sign. It's actually a move up off the 4 hour cup and handle so great but be careful. It could be a bull trap. We need to see BTC go over the 44100 (or 44085 depending on how you draw charts, ) to confirm the breakout of the most recent downturn. I'm hopeful but cautious.

MultiG8

These are my perceived support levels. Some seem strong. Some not so strong. Below 38500 and who knows how low Bitcoin can go?

MultiG8

With cup and handles, the handle is for the purpose of shakeout which is why the best ones are with downward slanting handles showing weak holders were shaken out. The proof of success of the base with a subsequent upswing is breaking above the highest side of the cup. I'm choosing to be neutral on BTC, having sold some profits yesterday and waiting for the...

MultiG8

So doesn't it make sense that everyone knows the deathcross is here Will BTC fall it's traditional 10-20% or more at a deathcross or is this time different? What can keep us glued to the screen more than this?

MultiG8

No way I would let these 30% gains turn into a loss. I would choose my tolerance for the loss of those gains and set my stop losses according to my tolerance for loss vs my desire to hold the coin. I'm bullish long term but there are too many issues with BTC that could pull it down off these levels.

MultiG8

When ROSE passes the top of the handle, I'll be looking at an entry (maybe there,) to add to my position!