btins1881

btins1881

Chart is self explanatory. BTC has formed an ascending channel and currently rejected off the upper trend line. Hoping this will hold strong for awhile to allow for some precision trading in the near future :)

btins1881

Perfect re-test after breaking above trendline......

btins1881

MACD crosses bullish on weekly TF.......Let's gooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

btins1881

The 4 hour TF MACD just crossed bullish and weekly MACD will cross any day now. Will the channel resistance contain BTC or will it push thru?!?

btins1881

After this small correction, BTC found support and bounced off the mid-line of this "moon channel". The MACD on weekly TF is primed for a bullish crossover any day now. Get ready for lift off!

btins1881

See my previous post. BTC resting on channel support before making another push upward if support doesn't break.

btins1881

BTC testing support of local parallel channel. Will it hold and continue higher or will price break below?

btins1881

This is what I'm expecting to see from BTC as price consolidates along support and resistance levels within this channel. With MACD bullish crossover on weekly TF possibly playing out within the next day or two, price will break thru top of channel and find support.

btins1881

The price of BTC is following the path I charted in my previous post and is expected to make its next leg up to the $46k-48k range within the next day or so, depending on how the weekly candle closes. If the weekly candle closes above the 21 week moving average, this is an extremely optimistic sign of a continuation of the bull run. Also, the MACD on weekly TF...

btins1881

On the second attempt, BTC has broken into the ascending channel with strong volume and is now testing the previous resistance as support. If support holds, expect BTC to continue rising with the ascending channel with targets being $42k and then $44k.

btins1881

Decision time! Let's see if this reversal has the strength to break back into this channel and continue to go up, up, up!

btins1881

I think BTC will more than likely see inverse head and shoulder patterns play out and price rally then get rejected at the 21 week MA.

btins1881

As long as BTC can stay above the 21 week moving average, the trend remains bullish. A bounce here was expected. Go long!!!

btins1881

Although BTC is making micro lower highs and appears to be creating a descending triangle on lower TF's, there's still a very strong support at current levels being at the bottom of this parallel channel and sitting on top of the ascending triangle pattern that now acts as support around $60k. While the $60k support is quite strong, some bearish variables also...

btins1881

While this isn't a huge pattern that's been developing over the course of days or even weeks, these low TF H&S patterns surprisingly play out more often than not. As this H&S pattern just happens to be bouncing off the previous resistance line of the huge ascending triangle, which has now turned into support (and following the exact path I predicted a week ago on...

btins1881

The price of bitcoin has breached the ascending triangle resistance around $60k and, as expected, currently retesting as new support (see projected price path in my previous post) before climbing to new ATH. If price doesn't bounce at the current level, it's possible btc will continue in the triangle and touch the upward sloping trend line once more before...

btins1881

Target $79k still looks very likely to play out as patterns are now fully formed (see previous two posts). Ascending triangle will be invalidated if price drops below $54,869, so set stop loss.

btins1881

I can give you three reasons to go long.