olelowilliam

olelowilliam

Will new money come in to the market? The cup and handle + plus inverse head and shoulders suggests there is blue sky above.

olelowilliam

Chart explains it all. Looking to see ETH at $4500 if this inverse head and shoulders plays out.

olelowilliam

Sure BTC may have a little dip over the next couple weeks...but that's just the launching pad. I keep seeing this ascending triangle in my mind and I'm willing to bet something like this plays out. Most likely it won't be so nice and pretty, but end result just the same. #CupAndHandle #AscendingTriangle #ATH

olelowilliam

BTC is caught in a rounded top formation. Look for it to retest the curved resistance and form an inverse cup and handle. If it does happen to play out, BTC will likely dip just below $40k. Might be a good place to take a long position.

olelowilliam

Looks like sideways action for the next for or five days could be followed by a bullish break and continuation to the upside. Target for next short could be around $54k.

olelowilliam

Pretty simple. See the cup and handle and see my target. Hope BTC plays nice.

olelowilliam

Here are some key levels to watch but I'm not making any predictions with this one. Just wondering how everyone is feeling about September? Ok, I will say this...big old handle.

olelowilliam

It's looking like BTC will likely complete a gigantic cup formation...will a handle follow? This is pure speculation but I'll be having fun watching for it to play out.

olelowilliam

The market is following a very large arc. As can be seen, the value of the market has become too heated and deviated from the trajectory.

olelowilliam

Seems were are at a crucial point for determining market direction. If BTC can shake off this bearish head and shoulders movement climb back above the green cloud, it will likely retake the Bollinger Band SMA--I believe the bullish momentum is still looking great in this case. However, if BTC falls below the resistance shown, I'll be back to 80% stablecoins until...

olelowilliam

Using the Ichimoku cloud, Bollinger Bands, and Heikin Ashi candles, I show where the safe and danger areas are in BTC. As you can see, we are sitting pretty right now.

olelowilliam

Using a pitchfork and fib retracement I try to determine a zone where to begin scaling out and ultimately cashing out in preparation for the next bear cycle.

olelowilliam

Using a pitchfork, Fib retracement, and a wave pattern I have tried to determine a good place to take profits. I like to create many long-term scenarios that I can refer back to in case a trend begins to play out. In no way do I think the wave will play out exactly like this, but it may be useful in timing the market.

olelowilliam

ETH is moving in a bullish descending wedge pattern. Look for it to follow the upward trend line and enter an ascending triangle that likely breaks out to the upside. I expect to see this large movement no later than 25 Aug.

olelowilliam

This is a log chart, so may look a little different....but take a look a that cup and handle setup!

olelowilliam

Log chart for total market cap showing how an extra long cycle could play out. Careful hodling when prices are along the top resistance levels. Unless a breakout and confirmation happens, remember it's nice to trade for some stablecoins when you're in lots of profits. Personally, I think the old "boom and bust" rhythm will begin to mellow out and cycles won't be...

olelowilliam

The ascending triangle acts like a staircase. As you can see, BTC is square in the middle of a minefield of ascending triangles...it's going to be difficult to miss these bullish structures. So BTC, choose your adventure and I'll see you at the top!

olelowilliam

I continue to envision an ascending triangle pattern to push BTC up to new ATH. I might need to take some antipsychotic meds because the charts are practically talking to me the last few days, just saying "ascending triangle and ATH". Nah, I'll just roll with it and go LONG and see you all at $81k! :)