#BTC bounced off of the 50MA nicely and entering short-term resistance. If it can keeps it's head above water, 22,200, seems primed for another charge. RSI and Vx seem to be ready to go.
Looks like #BTC has hit a nice plateau. I think this is good for next move up past 25k. Big thing I am watching if 50MA holds as support. Only 1HR chart here in unchartered waters so hard to be too decisive. But the 50MA crossing the 100MA precipitated this rally, so that is one to watch for short term future. Right now accumulating at 22400, just above the...
Quick look at lifetime BTC. Working into a nice pressure point, it is getting ready to go one way or the other quickly. Multiple factors outlined in chart lining up for a large movement. #BTC teetering, won't take much of a push in either direction to larger move. As mentioned, with current macro economic news, it sure seems like it will be upwards, but be...
Link sitting on support line, but only barely. If it loses this and drifts back to lower 12's, I think we see harsher downside. My feeling is however that is pops from here, most likely after reclaiming $13 psychological level. On or around 12/21/20.
#BTC in the zone, expecting a small downturn but anything North of the red resistance turned support is in play and would be just fine as it accumulates for larger move. The 200, 100 and 50MA's are starting to converge, sign of a big move. Looking to see if BTC can crack the upper lifetime trend line bottlenecking with support before the end of the year. New...
Update using 4 Hour instead of daily posted yesterday. Looking for BTC to accumulate in the triangle before it gets sent onward and upward. Hard to see with the macro picture much more of a drop than upper 18's, but let's find out. I see 12/21/20 still as next uptick.
Lifetime upper trend line (green) along with recent lines of resistance (blue/red), recently flipped as support. #BTC could range inside the triangle for a week or so, if it accumulates and stays within, I think we are ready to see a moon shot upon crossing of the upper lifetime resistance (green). Can drop into upper 18s this week, last / best chance if this...
Great move by #BTC to break resistance line. I see for the next few days it cradling around that same line, dipping a bit, then will be swept up by most recent support line. 12/21/20 is the date I have to watch for large uptick. After that it will be interesting to see if we see <20k BTC again with the big boy $ entering and chasing the +20K FOMO.
Will we rise above the resistance line established off 12/1 high of 19915 and kiss the penguin this weekend? Had a nice bounce off the lower support established by low on 11/7 at around 14150ish. I think she breaks to the penguin. What do you think?
#BTC directly in very small middle channel between upper resistance line and the 4 Hour 50 Day MA. I think whichever breaks first will see some momentum.
Great song. BTC currently sitting directly in the 50% spot between latest larger moves. If it can keep that support (lower blue line of triangle) curious if it bounces back to upper 18s. Lots of buyers still it seems, sellers have to run out of steam or wise up at some point.....right? ;-). If it loses that lower support line, could very well see 15800-16200...
Thought we might see jump yesterday to upper 18s/19. Curious if it may be same pattern but this bottom spaced out a bit, let's see if it gets there next 24-36 hours.
So far so good, let's see if we get a nice bump to around 19k the next 12 hours.
Possible we see the same price action as we saw in previous circled timeframe. With the very firm bounce off the 200MA we may see upside for a couple days.
Bollinger Bands tightening with BTC ranging at their bottom. Getting ready to pop right on it's 12 day Bull-sicle schedule?
Just an observation noted on 4Hr BTC. Every 12 days there has been bullish PA. If so (for whatever reason), 12/9/20 is next date to watch. And then 12/21/20 should send us all massive holiday cheer.
Very neat looking LINK chart here. Series of higher lows, if it doesn't break through on downside (12.08ish) today and shows signs of a bounce, we may see a nice break to up, which should follow #BTC doing the same.
BTC is right on the 50 Day MA, let's see if it can hold. If not, some good buying opportunities as it may re-test 18000ish to buy the dip in this bull market.