michael.anthony.stack

michael.anthony.stack

Currently at 7350 we are looking downwards towards a low volume pocket between 7305 and 7143. Possible support can be found within or we can retest the ~6800 range for support as it is the POC and the developing POC is on top of it. If so and support is found we will retest and adjust. If we bounce at either target and head upwards I expect to see resistance...

michael.anthony.stack

Neutral scenario, potential breakout points shown, also some clear short-able supports

michael.anthony.stack

Heavy support has been shown at the 0.618 fib line (~1176 sats). Watching closely to see if the volume necessary to maintain support is there, if we fall through i expect a drop to 1100-1120 range. Time will tell.

michael.anthony.stack

Expecting to see a bounce or continued retrace below the 0.618 (1176 sat) fib line.

michael.anthony.stack

This chart shows a possible upward trend if the main resistances are broken out of, as well as a slight curve to see what range is expected if not. Heavy support has been found and I believe we will swing up sooner rather than later. The next step is to see if the current resistances are broken through and made supports.

michael.anthony.stack

The next few days are important for Bitcoin. We are approaching the triangle's end and anything other than moving sideways will result in us testing key resistances and supports. The main resistance I am focused on is the neckline of the inverted head and shoulders pattern. I would like to end above this line for a few candles before I agree we have a breakout....

michael.anthony.stack

I believe given the supports tested multiple times and the surges in volume, we have seen the lowest BTC will reach and will begin an upward trend over the next few months.

michael.anthony.stack

Following Fib sequences and averaged impulse waves based on previous growth periods I believe by the end of Q2 we will be in a great position :)

michael.anthony.stack

Higher lows throughout the triangle of initial resistance. Broken upward and looks great heading towards Feb 2018.