Robert121717

Robert121717

Not much to elaborate on here. The weekly MACD and RSI show we’ve hit bottom or are very near it. The daily MACD and RSI concur telling there will be a significant change in market sentiment in the near future. We’re apparently bouncing directly off an ascending support for a third time, a support that has only ever been touched immediately prior to every bull...

Robert121717

Not much to elaborate on here. The weekly MACD & RSI show we’ve either hit bottom or are very near it. Daily MACD & RSI also tell there will be a significant turn in market sentiment in the near future. We’re apparently bouncing off an ascending support line that has only ever been touched immediately prior to every bull run thats occurred in the past. Need...

Robert121717

In my last post, I predicted BTC would find support around 42k within this ascending support/resistance range before going long again. You can see this playing out to the T, and I believe BTC will reach 50k - 52k this coming week. With this playing out, we can expect a slight pull back to 48k before breaking past the ascending resistance line. Keep in mind BTC...

Robert121717

Ive posted before about the historical significance of the range BTC is currently in. Im still confident the downtrend is over, and what were seeing now is just minor consolidation after such a long spike. I expect BTC to go no lower than 42k before going long again, and in the worst case, BTC should still remain above 40k. The daily RSI supports this theory....

Robert121717

I posted this chart around a week ago showing a major support line that has only been broken once since Bitcoin was $100. You can see the price is continuing to fluctuate perfectly within the range between this support and a formed resistance. I suspect BTC will find support around $44,000 before beginning another spike to the upside. I also believe we will...

Robert121717

Bitcoin has reached a significant support that has only been broken once (when the covid pandemic started) ever since BTC was $100. Even when the support was broken during the covid crash, it rebounded as fast as it dropped. Every time bitcoin reached this support, it signaled an end to a downtrend and a start to a significant uptrend. I don’t know how to...

Robert121717

If you’re a big believer that bitcoins past performance can be used as a template for future performance then continue reading. Otherwise, this prediction will be a waste of your time. You can see BTC hit an all time high end of 2017 and neared it in 2019 after a significant down trend. Consider the significantly larger adoption now compared to then with...

Robert121717

Here is the weekly chart to my original idea. Im new to trading view and couldnt add two charts to the post

Robert121717

Here is the weekly chart to my previous idea. Im new to trading view and don’t know how to add multiple images to a new idea.

Robert121717

As you can see on the weekly chart, BTC has reached a major historical support range. Furthermore, BTC can be seen forming a rising channel on the daily chart. Therefore, I expect BTC to remain in an uptrend within the rising channel or possibly breakout to the upside. Let me know what you think!