Bullish retest on the daily. If bitcoin stays strong it will test ATH's within a week. Possible formation of the last shoulder of a Head and shoulders formation. But will not trade that until theres more bearish confirmation.
0.382 fib level is weak because we've tested it many times. Looking to finish forming the cup and handle within the next few weeks, but would need bitcoin to act right.
Short term price action, higher highs and highers lows. Macd appearing to want to cross sideways so there may be a consolidation period but fundamental analysis can nullify...
Bull pennant formed on the 4 hour chart. With the mainnet realeased as the end of may. The strong support at 500satoshis doesnt look like it wants to break, making me feel bullish. Waiting to see a break out of the pennant before longing.
Shoutout to the dog pound for the ark note. If you want to join the telegram its here:https://t.me/DogPoundPublic. Ok on to the analysis. Ark Just broke out of a descending triangle and if you saw my QSP chart you would see the pump of QSP after it broke the descending triangle. Looking to test the resistances at the moment and will take profits at each fib resistance.
Head and shouders pattern formed, wil now test the neckline at the 573ish satoshi level and proceed to around 530satoshis if breached. If the head and shoulders pattern fails to break the neckline we could see a bounce and a double bottom formed.
After it failed to form an inverse H&S, we can see an descending triangle pattern formed. At this point we will look for a break of the resistance or support line and a retest of the line broken to see if it has been confirmed as new resistance/support. On the RSI there is a hidden bullish divergence and the macd has crossed. The project delayed the mainnet...