TyemirJibge

TyemirJibge

There is this ugly as a toad H&S but a triangle also formed here at 1H BTC chart. It seems H&S target is around 7600. I personally don't believe that H&S will work. Let's hope BTC to hit the marked area and then find itself a way back yo 8200.

TyemirJibge

What a lovely cup there is. Would you like to have some coffee Sir?

TyemirJibge

Let's draw a happy triangle here for GAMEBTC. Like many other alts GAME is also waiting for BTC to join the game.

TyemirJibge

XLM should be watched closely tonight. There might be a new trial of 3200 level.

TyemirJibge

Looking at the 4H chart of BTCUSD, BTC could resist and stay over the one month downtrend line and a rising wedge has been formed. RSI has also formed a wedge but in a larger area. I still think we need the RSI breakout. I don't see either buy or sell pressure. I am waiting for a recession but hoping that it is around over the downtrend line.

TyemirJibge

Looking at the 4H chart of Binance BTCUSDT, We see that BTC is in a falling depression for one month. This a chance for BTC to break a leg. It seems like it crossed the 1 month downward trendline but it must stay up there so we could be sure that it is a breakout. I am watching RSI to pass the downward trendline as well to confirm the breakout.

TyemirJibge

I have widened the head area of inverse H&S but the pattern still seems intact. BTC has passed 7200 and the next stop is 7500. I am waiting for a correction around 7500-7600 which is 0.382 fib level. If this correction doesn't go under 7200 I think we might see EMA200 level (8500ish) this week. Thus BTC might stay over the downtrend line as well.

TyemirJibge

Stellar Lumens has broken the downward trend and it stuck in a narrow upward band after breaking the bull flag. There should be correction but before that correction I believe the target price is 3.200 which is a strong resistance.

TyemirJibge

Looking at 4H BTCUSD chart, we can confirm that BTC keeps on forming inverse H&S. RSI is also about to pass the downtrend line. And when we check the MACD, we see that a golden cross is on the horizon. I expect a bull run for 4-5 days. There are storong resistances in front of BTC tho. As I mentioned before today is important for BTC together with many...

TyemirJibge

Stellar Lumens has found a nice support itself around 2600 and it has stuck in a narrow band. I believe XLM is wating for BTC to pull itself together. When BTC starts rally properly, XLM will be one of the strongest altcoin which is going to hold BTC's tail. Ready to break the downtrend channel.

TyemirJibge

BTC might be forming an inverse h&s from here. Possible...

TyemirJibge

31.03.2018 is key date for BTC to hold its head up high or it goes down until the level of 6000 and then 4700 gradually. If we don't see a strong rally from the breaking point of descending wedge which is also a cross point for up and down trend channels, we will be waiting for those ominous numbers. I am waiting for a pull back until 7200 on 31.03.2018 and a...

TyemirJibge

When we look at 1H chart of BTCUSD we see a possible rising wedge formation. Should be followed carefully, if it breaks 8600, I believe wedge will be failing. To me, 200 EMA is also a good resistance needed to be passed at this stage.

TyemirJibge

Whether you see a H&S pattern or double top pattern or the bearish flag, it doesn't matter, it seems we are going down. There was a tiny hope with the small bullish flag, but it couldn't gather much strength to go up to the sky. FUD's are spreading around like, Goldman Sachs' prediction, Mt. Gox trustee is going to drop thousands of more BTC to market,...

TyemirJibge

Looking at the four hour BITFINEX:BTCUSD chart, we see that BTC remains inside of a bear flag consolidation. It tries to surpass the upward trendline, but it's done so in the form of a bear flag. If it breaks the bull flag, I believe bear flag will be invalid and BTC will manage to remain its strength on the trendline. Double dip formation also supports the bull flag.

TyemirJibge

Looking at the 4 hour chart of BTC, we see that there has been a certain upward pattern. Let's see if BTC breaks the 11.500 ressistance and repeat itself.