Broke out of a falling wedge, retested it and now testing resistance of a widening wedge. Penetrated the ichimoku cloud and RSI ha potential to rise.
Has reached the top of the descending channel after a false breakdown and retest of the $62 level. However price in a descending triangle. but price penetrated the weekly ichimoku cloud and RSI has room to rise. If price move below $60, it is bearish.
Price touched the previous weekly high at 1820. It has formed a bearish divergence on the 4H. Price and RSI have been in a rising wedge and and breakout should be very soon. Target of rising wedge is 1550. If price reaches that level and bounce it will form the handle of a fairly large cup and handle pattern. Since gold and BTC have been correlated a drop will...
over the weekend different patterns emerged that muddled the picture a bit, instead of a clear downward trend, now price has printed two bearish patterns, a heads and shoulders and a bear flag as well as a bullish ascending triangle. The ascending triangle with a key level of 9.3k had three attempted break out events that ended with fairly big rejection wicks,...
Total2 tried to regain lost ground from the top but was rejected by the long term resistance and printed another bearish divergence on the 4H. Twist in the ichimoku cloud adds more to the downward pressure enticing the index to drop through the twist.
Shorts stop hunt and rejection wick indicate weak price action and clearing the books for a drop. bearish divs on different oscillators. Price unable to go over the 4H 200ema testing it many times if confirmed rejection it is bearish.
Possible price action. It seems BTC will maintain the range 9.7k-8.7k for at least one more month.
Rejected by the long term descending channel,98B key level, midterm trendline (purple), the 1H ichimoku cloud with 1H bearish divergence. We should see alts start to drop and BTC.d recover.
I would say it will break up if it wasn't for the bearish div on the daily.
Next year assuming it doesn't go to zero by then end of 2020. This study is based on a gann fan, everytime the price crossed the line there was a major pump. If LTC does not die pump will be around 5x
probably. BTC dropped under the 4H 200 ema and got support from the gann fan. Another retest and rejection of the triangle resistance will print a heads and shoulders that will cause a breakout of the triangle.
It seems it has steam to reach 9.6k at which point it is likely to drop.
Finding support on the 2H and 4H 200ema. A close above 9280 means continuation up.
BTC.D free fall and bounce of the ichi cloud helping IOTA live longer, but it is running on fumes. Racking up multiple bearish divergences on the 4H and Daily and testing multiple resistance while volume dropping. Retesting the bear flag that it broke out of in June. Another chance to unload if you got caught in this.
Now that #dogecoin is pumping because of #tiktok it reminds me of robbinhood traders pumping Hertz. A look at HTZ we see that social media did not result in sustainable gains and price went back to the natural bearish curve. A pump and dump.
Broke out from the descending longterm trendline now testing key resistance. A break above resistance with SR flip will take the index to 140 Billion. Looks like today we will get our answer.
With BTC.d in a free fall some Alts are moving up or starting to move up. LTCBTC currently is testing the falling wedge resistance and the ichimoku cloud and will print a hidden bearish divergence if price goes down from here. If price breaks up out the structures we can see a 30% upward thrust.
Don't buy the top, price action hit resistance and formed a bearish divergences. RSI overbought.