Well I was really hoping that we could finally explore the 5k level, but it looks like Bitcoin wants to range a little higher today. We have a gap to fill followed by a resistance level with our ichimoku cloud around the 7,000 level. I see this is close with our 38.2 first bounce level. Perhaps we range to 7k fill the volume profile gap, the gap in price and we...
The ichimoku cloud is still pretty bearish, our prediction to fill 6800 was filled pretty quickly. There is still a huge gap in our VP at 5k that looks to be filled. The RSI hasn't reached oversold yet either and I'm not seeing any signs of the bulls here. Ideally the faster we hit 5k the better .
Our volume profile has a gap around the 6800-6900 area and we have a confirmed trend line I would like to see Bitcoin tag this trend line and continue to range.
Bullish market structure in momentum indicator, oscillator and our OBV ..If this were the weekend I would be skeptical, but we have several bullish indicators on a Wednesday .. This is when I watch closely for divergences etc incase our CME boys/ big players are trying to manipulate the market again. It feels nice to finally have some signs that the market is...
A few months ago we put the idea of Bitcoin going to $5,000 on hold.. I would like to bring that idea back up here.
Very important level right here. We have a bounce off the 8x1 Gann trend line, candlesticks formed a doji & we have entered a reload zone. I would love to see some market structure form, followed by bullish reversal signal in the candlesticks. Otherwise I'm still not sold on buying yet
Was just playing with the GANN and this idea sort of caught my attention :) Curious to see if BTC continues to respect this trend line (Could be a new channel)
As anticipated Bitcoin respected the golden trend line and the theory for Bitcoin to tag 5k has been put on hold. As you can see we have a bullish divergence in the MACD indicator, almost confirming market structure W. Our oscillator is stupidly oversold and almost everytime this has happened we have seen Bitcoin turn right back around. Bitcoin also has a...
This golden trend line was not found by me, but it continues to catch my attention. My theory here is if we break this trend we can see what I initially predicted, and that was a drop to the 5-6k range. We are nearing 4/20 which is typically a time for bulls to take over and alt coins to flourish, so that raises the question for Bitcoin.. Do we bounce off this...
Volume Profile still shows me $5,000. VP wants to be a parabola, so that hole at 5-6k has to be filled... This is not investment advise, just my outlook on Bitcoin as of today.
We have surpassed the .886 level so the risk/reward is promising. The MACD indicator has a huge bullish divergence. The willy is exiting the stupid levels and price is moving accordingly. I got a bid around .00000650 and intend to sell half on the double.
When I retraced my fib I saw we tagged the .786 fib and bounced off creating 2 mini hammers. There is a pretty big divergence in the MACD indicator. In our volume the bulls and the bears had been asleep for quite some time, it seems as if the bulls are starting to wake up here. In our oscillator the Willy indicator was stupidly overbought. So I took myself a...
The BTC barely broke that pretty significant support line and the bounce so happened to hit the "first stop" fib level. It looks like BTC is going to go and retest the resistance line which happens to align with the .786 fib level. If we break AND confirm the break on one of these trend lines, obviously we will know if bears or bulls are in control. But for now...
BTC continues to respect this trend line above and BTC has tagged it multiple times only to bounce back. IF BTC breaks this trend line and CONFIRMS it then I like our odds here for a bull run. This has my attention because if it breaks that trend line it ALSO confirms market structure which is a pretty powerful move. Not only will it confirm market structure, but...
I love how the .382 aligned with that pretty important support line. It looks like Bitcoin is going to tag off the .786 fib which so happens to align perfectly with another significant resistance line. BTC looks to continue to range, they do say markets range 80% of the time.
Looks like a potential head and shoulders here. If this fractal confirms bearish on the Daily then it'll still be a valid theory..
Looks like candlesticks are forming some market structure and breaking a trend line = powerful bullish signal. (W confirmed right before trend break) The trend break hasn't been confirmed just yet Also we can see volume picking up in the OBV indicator