Smaller Descending triangle to Bigger DT forming in hourly showing way for 8.5k. Where do you think is the breakout going? UP or DOWN. Let me know your suggestions or opinions.
I am expecting a downward pull considering we have a (-0.5%) double top, H&S, Descending triangle, rising wedge all are indicating sell pressure.
A descending triangle can be spotted forming after the rising wedge was retested.
I believe, A possible downward pull can happen. The H&S, Double Top(-0.5%), rising wedge also hinting selling pressure.
We can observe strong selling pressure in the H&S structure. Waiting for a clean right shoulder formation.
We have a decent right shoulder for now. To send a strong selling pressure for right shoulder an upward move to 8900-9150-9350-9580-9650 will be a decent bet. 8400-9580 will provide exchanges good liquidation counts. A breakout of this H&S...
This is an EW Representation of BTCUSD . Currently We are in Wave-C Corrective impulse wave. However Henrik Zeberg suggested of a collapse move to 1760$ based on soaring real estate prices in his tweet. Cant deny the fact that we are also in a pandemic move with uncertainty among global investors, i thought of checking the bearish moves if in case we actually go...
As i see there are small gaps in 1H totaling around 95-105$, effectively 1% of current BTC Price. Do you think 1% unfilled gaps can be filled or can be left out in Halving Fomo? Any probability suggestions or ideas, Please do let me know. Thank you.
We hit weekly slopped resistance line from 20k to 14k. Coincidentally near the top of rising wedge and 78% of time based Fibonacci. Hope to see some downward moment in coming days. If this goes to 38% or 88% of 3.5k to 14k move, it will be once in a life time opportunity to load serious money.
We just did 61% of the whole move from 3.5k to 14k. A pull back to 38% shouldnt hurt. If lucky a pull back to (88%)4.3k(Approx) will be once in a life time opportunity for Institutional HODLERS and market makers.
I wish to see it go down between 38% to 88% even though we are bars near to halving.
This is a harmonic representation of the expected outcome. If we combine elliot with harmonic for validation. We might see some weekly upward candle close between 7850(Mean)-8300(Max). I assume we will be within the the triangle upto SEP-OCT. For long term, its a healthy accumulation point between ranges 6200-7800 for BITMEX:XBTUSD .
Based on patterns i assume...
H&S Pattern is observable in 4H with neckline support at 7050-7085. We can expect an upward move to 7124,7178,7270 or downward move below neckline support targeting 65xx-66xx.
Ifish Smooth (www.tradingview.com)
MACD VXI (www.tradingview.com)
We can observe double top in 1D with neckline resistance at 705x. We can expect a retest of previous TL resistance at 7124,7178,7270 and 73xx or can head towards 66xx-67xx range. I am waiting for more confirmations. Oscillators are showing bearish signs for now. Please share your ideas or opinion.
Indicator Credits: Ifish Smooth
Slanted H&S can be seen in 1D, with neckline at 64xx-60xx depending on body to body or wick to wick selection. Wicks to 7k range again will be a good opportunity to short. Most of the oscillators are showing bearish and bullish signs, however on long term scale, the lower it goes the better will be the upward momentum.
For now 5.2k-4.4k-4.5k is the absolute...
We can see Inverse Head and shoulder pattern on 1D chart with right shoulder in forming. If daily close above it would be quite bullish. However we can expect a drop to 53-59 for proper right shoulder finish.
Ladder long from 53-69 can be a 60-125% profit chance in mid term targeting 113-126-157.
The bat pattern formation in line with the inverse H&S pattern...