johndoe19984000s

johndoe19984000s

Hello friends ! Today I’ll continue using VPVR to study how we could see a small relief rally here for Bitcoin . You can see the VPVR levels as white graph on the right, with extending orange and red lines. As you can see we fell out of the months long trend line, and rising wedge that I have been tracking for some time. I did decide to sell all my Bitcoin at...

johndoe19984000s

Doge breaking out of large descending wedge finally on Coinbase news... But is this DOGE ready to run again , or will it run out of gas, exhausted from its previous marathon ? Technical price target of the descending wedge break out should be the top of the wedge , around .70 .... but the volume on the break out is low ! Can DOGE run again and make it back to...

johndoe19984000s

Bitcoin forming a pretty clean cup and handle formation (bullish) . I’ve brought up some VPVR levels as well and you can see nice confluence. Strong VPVR support at the bottom of the handle around 36000 and strong resistance at the neckline of the cup and handle around 37500 - 37750. A nice break above, and retest of, the cup and handle neckline at 37500 (in...

johndoe19984000s

We have bitcoin forming into three separate formations right now.. There are two bullish formations : an ascending triangle , and an inverse head and shoulders pattern. There is also one bearish formation within those formations : a rising wedge. The bottom support line of the ascending triangle Is in near perfect confluence with the EMA ribbon support . I am...

johndoe19984000s

🐼Bitcoin has formed 3 formations in one. Two of these formations are bullish (inverse head and shoulders and ascending triangle) and one is bearish (rising wedge) . I'm waiting for the break of the neckline to go long. Stop losses below the bottom support line of the ascending wedge. As you can see by the volume , the break out hasn't happened yet. I think many...