bazzz21

bazzz21

My yellow trend line drawn Nov 26 from the low Nov 7 was hit with precision. I would be more comfortable waiting to see if the 4hr 50MA holds before entering a long.

bazzz21

If 16k holds looking at a measured move to 18.9k.

bazzz21

At resistance with the downtrend line, 4 hr 200MA directly above. Will need a strong impulse to get through this - to me the path of least resistance is down. Of course BTC does what it does so prepared to buy a pullback if we rocket up. Could also do sideways for a couple more weeks before this resolves.

bazzz21

Note that Apple's gains Friday were more than the entire BTC market cap. We're in a small pond, and big fish in a small pond eat all they want. Though the global economic uncertainty and macro trends are favorable for BTC, there are also US elections, and the overall markets to consider. Yes the Fed is printing $ and I like this for BTC's future, but this market...

bazzz21

Expecting a drop to possible support levels, if BTC fails to overcome the 4hr 200MA, now that the 4hr death cross has confirmed. If 9k doesn't hold, 8600 and 8100 my next targets to the downside.

bazzz21

Looks like a classic diamond top pattern at strong resistance. Added to this a bearish divergence on RSI and TRIX, points to a possible reversal to launch points at fib levels. Short term bearish, long term this could be the beginnings of a major bull run. Safe trading. Education purposes only, not trading advice.

bazzz21 Updated 

Both of the diagonals I drew have been hit, but no bounce - the latest converges with the .618 Fib from the low of approx 6400 to the high of 10,500. If downtrend continues possible support at 8200, that failing, if the 200MA doesn't hold, I think we may test 6400 again. I'd be a buyer there. That said, in this uncertain environment - coronavirus/global pandemic,...

bazzz21

Current price sitting on neckline of possible H&S.

bazzz21

Rising channel, buy the dips.

bazzz21

BTC moving strongly up in an ascending triangle. 8388 high providing resistance on a few attempts to breach. On the 4hr you can clearly see a distribution strategy happening with strong buying followed by big, but controlled selling a few days later. On the small drops, the .236 fib is holding - on the larger distribution dumps the .5 level so far holding. I...

bazzz21 Updated 

Daily uptrend intact, making higher lows since early February. If this continues, we should meet the downtrend line from ATH before April 1st. Will take big volume to break, so if V doesn't increase significantly, I could see us reject off that trend line and test the lower line at around 3600. Big triangle from secondary downtrend line from $11.7k could resolve...

bazzz21

Refining the idea here. With CME Dec 18, hyper press coverage, fomo, there's much overriding TA ATM. Still, every move up and retrace has come back to the place where it originally consolidated. Let's see if this plays out again... or not.

bazzz21

More upside on BTC?

bazzz21

Trying to get an idea about historical retracement and see how this might play out as we approach $10k...

bazzz21

just an idea based on past retracements