Potential Falling Wedge Forming on 4hour Bitcoin. Falling Wedge is a bullish continuation Pattern but Price Needs to Bounce. A break out to the downside would most likely push bitcoin well below 10k.
Bitcoin is Proving to be a safe haven asset as China retaliates in Trade War and Legacy markets sell off. If Bitcoin can Flip the 1fib extension expect a rapid rise towards 15k and the 2 line.
Bitcoin is very much still in a Bull Market. A giant bull Flag is likely forming giving a short term bullish bias medium term bearish and long term Bullish. Bouncing of the .5 Fib Extension combined with the recent strong Monday and Tuesday Rallies this week should present several optimal trade entry. Be aware of the blue box for a high demand zone and 0 line as...
Price is trading at our bollinger band SMA line on the Daily chart. There is a very high probability of a incoming volatility. There has been an increase in bullish sentiment in the market lately. We seem to be gaining momentum on the RSI and today was a major bump up for alt coins. Let's see if we can get a breakout of our downward trend line and make some higher...
It is a dark time for the Rebellion. Although Paypal has been defeated in Transaction value, Bearish troops have driven the HODLers from their hidden base and pursued their stops losses across the galaxy. Evading the dreaded Imperial Starfleet, a group of Bullish fighters led by BITCOIN has established a new secret exchange on the remote ice world called...
The chart shows it all, short positions have been dropping fast. We will take this as a drop in Bearish sentiment, which can only mean an increase in bullish sentiment. Cheers Neither these presentations, nor anything on Twitter, Cryptoscores.org, or any other medium/mode of communication, including private correspondence, constitute financial advice....
Episode IV, A NEW HOPE It is a period of civil war. BULLISH spaceships, striking from a hidden base, have won their first victory against the evil Galactic BEARISH Empire. During the battle, BULLISH spies managed to steal secret plans to the BEAR'S ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire CRYPTOCURRENCY....
Ok our last analysis played out perfectly, that is if you used a take profit limit. The Break upwards reached our target exactly. However, since then BTC has retraced back to the levels it was at before the break. Leaving a nasty looking long wick on the green candle, this implies weakness on the bulls side. So we begin our analysis there. - BTC failed to break...
BTC is currently resting right at the Bollinger Bands SMA line. We have upward momentum on our RSI and what will soon be a bullish cross on our 21 and 50 EMA lines. My money is on the BULLS. If we break our resistance line (in black) then we should see some nice gains! Cheers Disclaimer: Neither these presentations, nor anything on Twitter, Cryptoscores.org,...
We have a few bullish signs that make a compelling case to long on BTC. 1. RSI on 4hr and daily is in strong trajectory upwards after a bounce at the over sold limit. 2. EMA lines 21 and 50 (my personal preferences) are close to having a bullish cross ( a rejection of the cross would invalidate this theory) 3. BTC appears to be forming a massive double bottom,...
Here we have the 4hr BTC chart, showing strong signs of incoming volatility. The price is currently just above the Bollinger Bands 20 SMA and on the 2 hr and 1 hr time frames we can see major contractions on the bands. Expect a large move up or down soon. Bearish Justifications: Continued rejection on the diagonal resistance line, Stochastic Indicator stays...
BTC has had a nice run up lately. The Inverse head and shoulders formation played out perfectly. Look for pull back to reach either of these two support levels before more bullish activity. MACD on daily is still bullish, the RSI indicates that we just need to catch our breath real quick. Cheers
The Bollinger Bands, one of the most trusted indicators in technical analysis is experiencing a major contraction on the daily chart. The price is right at the exponential moving average line, causing this contraction of the standard deviations which make up the bands. This is a very strong indicator for incoming volatility. How long it will take to play out is...
Lets get right to it- Bitcoin has had a slight rally breaking out of the downward trend pattern, now lets see if the bull can sustain. At first glance I noticed a potential Inverse Head and Shoulders pattern Forming (www.investopedia.com For this pattern to form we must see a bounce off of the 6,300 support. If this happens then a break above the neckline at...
As you can see we have had a support line follow our upward trend in the white. I'm expecting it to test that line right around 6600 and then bounce up. However, a break of that would bring us down a bit. Overall, I am Bullish on Bitcoin. I believe fundamentally it is stronger then ever, and now its about finding the right entry point. If you are margin...