hdlr

hdlr

Bitcoin is nearing the end of the triangle it has been printing. This triangle looks like a smaller version of the triangle that it printed a week or so ago which led to a nice rally on June 12th - so if history can tell us anything, we should be expecting a nice upwards break toward the $10k level pretty soon!

hdlr

Bitcoin’s 4 hour chart is printing a rising wedge. The rising wedge is is a bearish chart pattern. RSI is also nearing overbought. I am expecting a drop out of the wedge if price does not shoot up soon and invalidate the wedge.

hdlr Updated 

Bitcoin has been consolidating over the past few weeks and is now getting close to the end of the triangle that has been forming. Decision time should be over the next couple of days. With a break upwards we should be seeing a move past the $9100 area up to $10,000 resistance, and with a break downwards we should be testing support around the $6850 area.

hdlr

Bitcoin has been using this yellow curve as support since the $3k bottom in December of 2018. Will it continue to hold and provide the support for a push into the $10k area? I think so. It seems to be bouncing off of the curve at the moment.

hdlr

Bitcoin is about to break upwards out of the bullish pennant that has been formed on the 2hr chart.

hdlr

As we have seen in the past, parabolic runs can't just go on forever. A correction from here (or from the $8500-8700 area) down to test support lines would make me feel more comfortable, and would provide a good buying opportunity. Also, successfully testing support would add to the bullish structure of the market and show all the disbelievers that a bull run has...

hdlr Updated 

Tracking the S&P price for a bounce around the blue horizontal support/resistance line at $2800.

hdlr

Bitcoin is relentless. Shorting looks like a death sentence. Looking for a larger pullback to add more after this amazing upwards move. The future looks bright.

hdlr

Bitcoin has followed the yellow support curve perfectly. Searching to add to my position upon test of the yellow curve. Bitcoin has had a parabolic rally and is now correcting. I will buy when price tests the curve around $6500, and will continue to add if price moves down toward $5700. But price might not even fall that low - it may just continue going up.

hdlr Updated 

Bitcoin broke out of the bull flag it has been printing and moved up toward $5970. Now we are seeing a retest of the top of the flag, and price should continue upwards in the following hours/days. Final target for this flag lies just above the resistance zone around the blue line at $6129. A break of this resistance zone should be confirmation of the new bull market.

hdlr

BTC no go down no more, BTC only go up now - or at least it seems that way. Bearish Divergence? BTC no care. Oversold? BTC no care. Resistance? BTC no care. BTC go up. Challenging horizontal resistance around the $6130 zone currently. After a break above resistance, targeting moon.

hdlr Updated 

Short term (4-hour chart) searching for an upwards breakout of ascending triangle to bring us up past the resistance zone around $5970, and hopefully all the way up to challenge the resistance zone around $6130.

hdlr Updated 

Bitcoin is currently printing a bull flag on the 4 hour chart, and a breakout of this flag has a final target that reaches just above the blue $6130 horizontal resistance line.

hdlr

Bitcoin is correcting, and may fall to the point of the yellow curve, which has been acting as support since price bottomed in the low $3k’s. This correction might not even get all the way down to the curve, because many have changed their strategy to buy on dips. From there price will continue upwards.

hdlr

Bitcoin price may continue sideways/slight drop here but so far this yellow curve has been acting as support. Hope to see it keep working as support it in the near future.

hdlr

Bitcoin head and shoulders pattern may be materializing, but I believe that the head and shoulders will either fail early before price passes down through the neckline, or price will pass down through neckline and then quickly bounce back up after touching the 4800 area at the lowest (or once RSI reaches neutral to oversold territory). I do not think that this...

hdlr

Bitcoin going up, push through horizontal resistance (hopefully don't get stopped right at resistance), then pullback to retest, then continue up.