Robinerd

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BTCUSD 100% | 5
Robinerd Robinerd BTCUSD, W, Long ,
BTCUSD: Long-term channel & some possible breakouts
249 0 2
BTCUSD, W Long
Long-term channel & some possible breakouts

This is a repost of a long-term channel I posted about in June, at https://www.tradingview.com/chart/BTCUSD/T44bdChU-Long-term-channel-trend-on-Daily/ My prediction was a bit off, but it seems that we're once again back in that channel. Depending on the market we have several upwards triangles on the weekly chart where price could break out, ending at 30 nov ...

Robinerd Robinerd BTCUSD, 120,
BTCUSD: Correction into longer-term triangle?
614 0 15
BTCUSD, 120
Correction into longer-term triangle?

Seeing that volumes are decreasing while prices are crawling along the lower edge of the shorter triangle makes me think we'll see a correction, down to the previous resistance around $700 which should now act as a first support level. If this drop is enough for new investors to buy the dip, we'll possibly enter a more long term triangle facing upwards. We could ...

Robinerd Robinerd BTCUSD, 120,
BTCUSD: Ascending triangle short term. Up or down?
188 1 4
BTCUSD, 120
Ascending triangle short term. Up or down?

I believe we're in an upwards facing triangle in the shorter perspective. Although upwards triangles tend to break to the positive side, looking at the daily chart we're also at a big up-spike right now which could increase the chances for a correction downwards. Should the triangle be broken downwards with strong volumes, be cautious since it could be the start ...

Robinerd Robinerd BTCUSD, D, Long ,
BTCUSD: daily mid-term channel (BTC breakout speculation)
104 0 1
BTCUSD, D Long
daily mid-term channel (BTC breakout speculation)

Just my guess on how things could evolve if the positive sentiment keeps on. If things proceed like this, another major upswing could begin at the end of the triangle.

Robinerd Robinerd BTCUSD, D, Long ,
BTCUSD: Long-term channel trend on Daily
261 0 2
BTCUSD, D Long
Long-term channel trend on Daily

If the current upward trend continues we may break-out from the channel. If so I'm guessing we'll have a strong correction from around the previous top at 680, down to somewhere in the middle of the channel I've drawn, which also happens to be a previously strong support/resistance level. After that we might climb up again if the positive sentiment stays. If not, ...

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