henrikrogers101

henrikrogers101

If Bitcoin goes any lower it will break one of the biggest trends we have ever seen in Bitcoin. This trend started in 2013 and if it breaks we can see much lower levels. As long as it holds I remain Neutral.

henrikrogers101

Short if we break down out of wedge. Long if we break up out of wedge

henrikrogers101

There are 2 significant trend lines around the $8300 price level. If we break it, we may head to $6500. I will short only after we break $8180.

henrikrogers101

Bitcoin is in a triangle with a potential breakout within a few hours. There is also a W and our target is the $9373 level to retest the trend line if we break the triangle to the upside.

henrikrogers101

I am waiting for Bitcoin to decided which way it wants go. There may be sideways action for a few days before Bitcoin makes a move.

henrikrogers101

Short to $6250

henrikrogers101

Bitcoin will either break down out of the upwards channel to a target of $6557 or break resistance up to $7084.

henrikrogers101

Bitcoin has formed a small decending wedge and double bottom. If we get confirmation and bitcoin breaks the $6980 level we could see Bitcoin have a quick jump to $7100 before continuing the massive downtrend.

henrikrogers101

Bitcoin has run into downward sloping resistance and will either break to the upside or face a strong rejection. Rising Wedge and Head and Shoulders are also in play.

henrikrogers101

$7500 here we come. Short term resistance was broken and just back tested. Heavy Resistance at $7500 may send us back to the low $5000. AB=CD pattern is also shown.

henrikrogers101

Bitcoin will have enough upward momentum to reach $7500 if it is able to break the $6900 high. There is heavy resistance at the $7500 level and Bitcoin has the potential to reverse and then continue down. Watch out for the current forming Bear Flag and the target of the low $3000s.

henrikrogers101

Bitcoin broke back into its downwards channel. Expect a rejection at the $9162 level and then support at the $8700 level before continuing upwards. Bitcoin found support on its legacy trend from December. An ascending triangle may be forming, but we need more touchpoints before looking at next targets.