martijnk1

martijnk1 Updated 

Many draw a descending triangle, but I see a descending wedge. The former is often bearish, the latter bullish. Whatever it is, the moment for Bitcoin to make up its mind is getting closer and closer...

martijnk1 Updated 

Why: - Descending triangle - Below 55EMA and Kumo - WT and MACD bending down. - Decreasing Volume - Target is previous support Why not: - Bullish Divergence on the RSI.

martijnk1

Why: - Descending Triangle - Below 55 EMA and Kumo (a false breakout to the upside will retest here and probably bounce back) - Below 50 on the RSI - WT and MACD trending down - Decreasing volume - Measured move hits previous support

martijnk1 Updated 

This rookie TA hobbyist spots a cup of ADA (or does this not qualify for a cup 'n handle pattern?), draws some lines and notices that all the measured moves line up with the Ichimoku cloud. He might be very wrong and spill the boiling ADA over his Ducktales pajamas, so comments are certainly welcome ;)