iemanifk

iemanifk

ADA has been consolidating for about 5 months. It just brooks a long term trend line (the red line). I'm expecting upward moves in the next few weeks.

iemanifk

I think it the time to have an impulsive move. Most people are bearish, we just had dead cross, price is below 200 DMA, .... so, it is a good time to squeeze a lot of shorts.

iemanifk

Double bottom in price with higher RSI + falling wedge = BUY

iemanifk

I think the red scenario is more likely than the blue scenario.

iemanifk

It broke the trend line and touched it as the support. let's see ...

iemanifk

21 W SMA (the blue line) was the single most important support level for the previous bull run. Let's see if this line can hold support for the next few months or not.

iemanifk

Everything is in the chart

iemanifk

Self-descriptive situation

iemanifk

Raising wedges are usually a sign for drops. But if they break up high, you will see how crazy the Bitcoin could be ;)

iemanifk

It might be the last time that RSI support line (green line) play its resistance role. Just like what happened previously (blue line), the price is about to crash, I think.

iemanifk

I think what we are witnessing is BTC's highest prices for the next few months.

iemanifk Updated 

50 D EMV has been a strong resistance for BTC. If it breaks, it will probably works as a support for a bigger upside move up to 21 W EMV. Let's see.

iemanifk

50 D EMA is about to break (as expected and published previously). But a good volume is needed right now. Without a good volume the whole pattern will be invalidated. I have had the big green oval target for weeks now (it is the area that price and 21 W EMA will kiss each other) and if we see a good volume soon, this target will remain valid for me.

iemanifk Updated 

Be careful bro! Nothing is there to hold you back for the fifth time ;)

iemanifk

While 200w SMA holds a good support, BTC probably needs to be rejected by 21w EMA. Stochastic RSI is about to cross and the price is making a falling wedge in 4H time frame. All of these evidences speak to good weeks to come.

iemanifk

Whether BTC is forming a symmetrical triangle (the red triangle) or a rising channel (Blue channel) - this channel might pan out as a rising wedge - I'm long for the short-term. After that, we will have more resistance on the upside move than the support in the downward move.

iemanifk

There was some chance that the ascending triangle breaks down this time because the price was dropping when it entered the triangle. But the overall bullish pattern of BTC for the mid-term remained valid. As you can see in the chart, RSI has been making higher lows in the 4H chart (1D and 1W as well) independent of the price action. I can't see how this pattern...

iemanifk Updated 

I'm expecting a sizable upward movement in a few hours. If the price goes to the red ellipsoid, I'll change my mind ;)