Are we looking at a huge descending triangle ? Rally to top of triangle trendline then dump....? Huge reversal pattern. Measured move puts TESLA in the 200's ? Michael Burry just announced 500 million short position....TESLA made more money off sale of BTC than it has in all of it's 14 years from the sale of it's cars. Let that sink in.
Coming off bottome of ascending triangle still. Bullish continuation pattern.
We have a breakout and backtest currently happening on the 4hr . Beautiful channel on this one. BTC breaking out. This one breaking out. We have all the ingredients for a nice surprise rallly !!!
Perfect 88% retrace. Area of value for entry.
Wow. Look at this beautiful descending channel !! Getting ready to break out. This is a huge pattern !
Look at this ! Double bottom on an area of historical support. beautiful bullish divergence on the MAC D.Huge upside potential on this one !
Snap about to break out of descending channel. Just went positive on momentum.
We have a gap to be filled on the futures. Also just happens to line up with a .618 retrace area as well.
Damn this looks so bullish. Descending channel. What was resistance now support.
Very similar to the chart I just posted on ROKU. Descending channel getting ready to breakout. Back over prior support
ROKU looking ripe for a breakout next week. Back over 20ma in bullish pattern. Back above prior support.
Damn look at this. 88% retrace. Breaking out of wedge and back testing. Triple Mac d bullish divergence.
We had a failed breakout...earlier. now looks like we're in process of breaking out of this channel and backtesting on lower time frame ?? or do you adjust top trend line, so we're gonna test supply line soon ? either way this is all looking like recovery to me than further downside.
3 hr . Desending channel pattern. Kinda dragon pattern esque . Historical support. Downward conslidation. Higher low on 2nd drop. bullish divergence. We break that supply line and let's go !!
ETH looks so much better than BTC right now. Still holding the 200 MA on the daily where as BTC is under the 200 and it's acting as resistance. Showing hidden bullish divergence as well as of right now. Now, it could sell off more and negate it but if it holds like this then that's pretty strong. 4hr bullish divergence and the daily is working on a nice...
This is why i closed out my short. ETH and BTC both showing bullish divergence showing seller exhaustion on the 4hr. Each one working on bullish engulfing candles on top of that. The whole world thought it was gonna drop into 20's...are they gonna have an epic bounce and catch everyone off guard?!?
Ok.....i have some tinfoil theory. BTC is hanging on by it's nails. The btc futures market closes in under 30 min. so if you were short and were crazy enough to hold thru weekend and btc fell to 10k let's say...you couldn't close your position and take profits and then it would bounce and you could possibly be wrekt by sunday night !! so if this thing falls...