PipMiesterStronger

PipMiesterStronger Updated 

I am sorry I haven't posted in a while. Like many people in this community I think that hope had been lost for any near term bull run. You can see this from less people posting on TV, on youtube, talking about BTC, and this is a good test for general sentiment. The Hype is gone the rage is forgotten and now were to a point where we could potentially change our...

PipMiesterStronger

1hr 1. Redrew Neckline from wicks instead of bodies. 2. Deleted Mini H&S that was negated upon passing above its right shoulder. 3. Wow, I sure called that Red dotted line support. I added a support at our low, which we still may test for a double bottom. 4. Added the very relevant Stochastic RSI. Which is just leaving the oversold territory on the Daily,...

PipMiesterStronger Updated 

1hr BTC is trying to form the right shoulder of its Inverse H&S. This could go either way, as there are actually 2 head and shoulders potentially forming, one larger Inverse in black and another forming in yellow. 1. RSI- has further that It could potentially go, but is has seemed to have found support at 29. This level has certainly been reactive in the...

PipMiesterStronger

1hr We have had very interesting action in Bitcoin today. BTC Broke below its falling wedge, which is not typical for its type of pattern. Upon breaking down it was aggressively bought back up all they back in to the wedge and has since floated back down slowly 1%. 1. Very important to note is the amount of volume that we have in this area for a potential...

PipMiesterStronger

4hr Whats up Crytpo lovers! BTC RSI touched 30, which historically doesn't happen very often. Our recent lows of 6k, and 6.5k actually were a little lower on the RSI to about 26. This means we could still make it to our support trend line. The fact that we were bought up before hitting our very publicized support trendline may be showing us some strength...

PipMiesterStronger

We broke through the yellow trendline! This yellow trendline was my biggest concern! This morning we broke out of it... If we close our daily candle above this yellow trendline then it will be quite bullish and provide enough TA reasons to consider it a true breakout. Yes, we have a inverse head and shoulder pattern and if BTC breaks through that then it will...

PipMiesterStronger

Triangles of Compression! Where we break from here will be very important in giving a better idea of which way this market is heading. This support trend line has not been broken since our bull run breaking below it would be a big FUDer. We have two triangles that must be broken. I mentioned in my last analysis that it would be a good idea to buy at this...

PipMiesterStronger

I do not want to come across as overly bearish. I have been buying in this market ever since the Venrock (Rockefellers) foundation Pumped us out of our down trend line.. But I have remained very cautious throughout only taking short term trades for the most part. Now, we find ourselves having our first set back since that point, where people have time to...

PipMiesterStronger Updated 

I was just having a gander at this darn BTC chart and it hit me this is a perfect looking bearish gartley... I'm not saying that it will react to this pattern.. but probably a good level to take some off the table in case it plays out!. This pattern would call for a downturn after D with price falling somewhere between points B (9350) and A (8600). If we...

PipMiesterStronger

4hr Hello friends and strangers alike. Lets Recap: 1) plunged to new lows 2) tested an important final support level 3) broke channel and bounced up to our 50 EMA, and yellow wedge resistance 4) crashed down finding little support 5) formed a support to our channel 6) assumed the slop of our recent high points (top green line, mirrored to the bottom) 7) forged...

PipMiesterStronger Updated 

Investors sit back, Swingers Consider your play, day traders get ready. * This is a risky trade with our current market conditions* 1HR Note: The green lines are speculative at this point in time. We have tested the purple line as support, It might hold and It might not. Considering how much we have dropped down and how our RSI's are starting to align with...

PipMiesterStronger Updated 

4Hr Chart We are approaching the resistance of the falling wedge pattern which is still about 50 points above us. We had consolidated at the 50 EMA for a while, and our RSI that were overbought at the time slowed bitcoins momentum. All of our Stochastic RSI's are aligned once again in the overbought range, above 80: 5, 10, 15, 30, 2hr, 3hr, 4hr, 8hr We have ...

PipMiesterStronger Updated 

4Hr Chart We have broken out of our three resistance levels and are currently retracing to confirm past resistance as support. After confirmation you could attempt a short term trade (200 point) to the 50 EMA currently at 7378, possibly spiking through to the top of the falling wedge (yellow trend). Our daily Stochastic RSI has started to trend up since our low...

PipMiesterStronger Updated 

30 Min Chart On a 4 hr chart our 20 EMA is currently steady at 7000, it is currently converging with our descending purple trend line and our current price action. So far today we have tested this descending purple trend line twice and confirmed it as resistance. Currently we have a compression between buyers trying to break these massive resistance levels...

PipMiesterStronger

30 Min Chart On a 4 hr chart our 20 EMA is currently steady at 7000, it is currently converging with our descending purple trend line and our current price action. So far today we have tested this descending purple trend line twice and confirmed it as resistance. Currently we have a compression between buyers trying to break these massive resistance levels...

PipMiesterStronger

I wanted to give a daily overview for you to see the trend lines that I have plotted. Next I will update the lower time frame as we stand.

PipMiesterStronger Updated 

4Hr Chart 20-EMA Gold 50 EMA-Blue We are standing at a cliff-edge and deciding whether to jump or not. This is the area where we will either see a nice bounce, a complete market reversal, or a long fall. We have falling wedge pattern forming which if obeyed would bring us down past our weekly support in the 4k areas. See Trend line on the chart for exact...

PipMiesterStronger

We have confirmed these major inner trend-lines as support and they should at least produce a bounce because of their historical significance. The market is still quite bearish so I wouldn't recommend holding for too long, just like in the bull cycle you wouldn't want to be out of the market for too long. I decided to buy in here because of the strong support...