Retracement wave 4 completed, wave 5 is starting and it should go much higher than ATH.
As can be seen on my chart drawing, there is a perfect ascending wedge formed. Do not search for a perfect shape, but price movement is perfect for wedge. Now, price sits at previous inverted head and shoulders pattern resistance. If it does not break downwards and bounces from here, BTC will move to 60k. End of the wedge, price would be at 60k area and we will...
It reversed upwards after correction and as long as it stays above the white line it should go to new ATH. Of course BTC should not dump.
BTC short now... It will go down to test 51k-50k because it is the previous downtrend trendline. Then it will bounce back, and target 60k. Of course, it may not bounce back and go deeper and crash more.
Can not break downtrendline as can seen on my chart. Most of my predictions are right but I am still in loss
Hello, We are forming another descending triangle, struggling to go up. It will go more down after completing the triangle, and next major support is at 50k-51k area. Invalid, if triangle break upwards.
Trade setup /w stop loss. Invalid if it breaks upside of triangle. Additional chart pattern to support latest idea
Overbought RSI and loss of bullish momentum, It needs to reverse here little before continue upside.
Hi BTC will go to 0.618 fib level which is exactly 59K. Press play on chart after.
It is going down, has no volume and formed a perfect inverted cup and handle pattern.
RSI and MACD looks it will go down more to last resistance level.
Hi again I am back, BTC will go up from here, ascending triangle completing on daily chart. Also MACD just gave long signal on daily, and RSI looking good to buy here. Possible retracement to 59K level before big push upwards, or not. It is risky and hard to tell if it will pullback more or not. I am still in loss by the way and never profited from bullrun...
Broke the previous resistance and retested the breakout. Long from here.
Hi, You can see how it always rejected to go past 62k in this chart because the trendline resistance. It will dump to 50k first. 30k is the strong support. This bearish scenario may happen soon. Or after dump we can go upwards like this: