Congratulations to everyone who traded based on my post just before this breakout! Dm me for more urgent trade alerts and price action analysis
We are low on the RSI and we are bouncing off the 100 day moving average. This is very bullish right now and I consider this an urgent trade alert. wait for a 4 hourly close here then this is very tradable
Bitcoin falling wedge just broke out with a bullish price target of 55.5k. however, if we fail to hold current levels and get rejected, this could be the final stage in a dump down to the 39-41k zone.
The w-pattern on the 30 min candles is immediately relevant. If we break the neckline at approx. 48200, this could take us up to 52k (measured move price target). If we get rejected here, Bitcoin will likely just continue the downtrend and possibly make lower lows.
As you can see, we are making lower lows on the price but higher lows on the RSI, a classic bullish divergence. If we are getting more support around these levels this could be quite bullish for Bitcoin in the short term.
We could go to 40k first, but BTC is primed for the next pump to the upside. If you have any "questions" about these predictions and want some extra 'help' under(stand)ing them feel free to DM me :).
Bitcoin has dumped, but maybe hold off longing at these exact levels. The previous dump went to the bottom of the EMA ribbon, at was about 31%, and if we repeat the trend here this dump may still have some steam left. Although it is suspected that a Kraken price-matcning glitch was responsible for the flash wick down to 47k, now there is a genuine selloff...
Congratulations those of you who took my trade advice and took This Long with me here, you are all making amazing profits now. I hope you are all benefiting from my posts which are always righttt before a breakout.
These are the price targets for the breakout, relating to my last post. Congratulations to everyone following along with me making amazing gains through these markets.
Bitcoin has formed a symmetrical triangle with breakout in less than 24 hours from the time of this post. Wait for he breakout then trade it its direction, never place a "bet" before the direction of the breakout has been decided.
In my last post, about 30 mins ago, I showed the bearish divergence that had formed on the Bitcoin chart. As you can see, Bitcoin dumped here exactly as predicted, and I want to congratulate all of my followers who took a short position here and made amazing profits.
This bearish divergence has formed on the 30min candles for Bitcoin, signalling an imminent dump. Of course, bitcoin has been surprising many chartists lately with its tendency to pump after showing bearish chart patters, but this shows that the bullish momentum is running out (short term - for the next few days).
This pattern broke to the upside, which is technically less likely BUT since this is Bitcoin and the macroeconomics right now is INSANELY bullish, this should not come as a shock.
Just updating you guys that this head and shoulders pattern has now been confirmed. The green line is the measured move price target.
This Bitcoin head and shoulders (H&S) pattern is developing now, but it mat well be invalidated if we pump within the next 2 hours. However, if this H&S plays out, we could see significant dumping here. One other signal for an upcoming dump is the Net Unrealised Profit and Loss, which is creeping dangerously close to the euphoria phase. Whether or not we see this...
Bitcoin is currently having a breakout off this major pattern, a rising channel. The measured move price target is approx. 56k. Wait for the breakout to be confirmed an an hourly close above this pattern. Don't over leverage and use risk management.
I posted 2 hours ago predicting this breakout. Congratulations to everyone following me.
There is a steep ascending channel forming within the larger ascending channel on the bitcoin chart. We broke past 50k today, which was a major psychological barrier. Now that we have broken this, and we are now trending towards testing the upper bounds of this trading range again, it is likely that on this retest we break up, out of this ascending channel and...