Bitcoin's chart is slowly finishing forming a diamond pattern. Unless something unexpected happens in the next few hours, we are sure to see a nice downward price movement. This is not financial advice.
How about a nice big cup of send the Bitcoin straight to the Moon? This is not financial advice.
Oh, here they are. I mean look at the chart. We seem to be in the process of forming an Eve-Eve formation on the four-hour chart. If my prediction is correct the next formation that will form will be an ascending wedge. With the yellow dotted line I have outlined the possible path of the price. Of course, these are just my assumptions. Anything can happen....
Bitcoin just printed weekly candles on the four-hour chart! What more to say here, draw your own conclusions. This is not financial advice.
For a while I thought there would be an upward bounce but only now I noticed these two formations on the daily chart. Buckle up, we're flying down. This is not financial advice.
Cup and handle, waiting for brave traders. This is not investment advice.
Bitcoin is just balancing on the edge of a huge rising wedge. What's more, there's an inverted cup and handle formation in the middle of it, whose target is the $6.6k level. In addition, it looks like 2023 will be one big bull trap. Rising wedges have it that almost always their lower edge is subject to a retest, followed by a proper (drastic) decline. And...
...a big flush is coming? This giant inverted Cup and Handle formation caught my attention back around April of this year however it was too bearish even for me. Today I thought that sharing this idea might save someone's butt. I'm probably wrong but this portal is just for that, right? I know, I know, my ideas are slowly boring everyone but who would I be if I...
It's been a while since I wrote anything. That's because bitcoin was just unpredictable. I'm a guy who looks at patterns, and lately weird and irrational moves have simply been happening on low timeframes. That's why I preferred to write nothing rather than inadvertently mislead others with misguided analyses. Now to the point. I think Bitcoin is getting ready...
...Bitcoin cannot fall all the time. Even a mountain climber coming down from a peak sometimes has to climb a smaller mountain to find a safe way down. I think that's what's happening on the chart right now. We are going up because the bulls have smelled the green candles in the air and are following them like crazy. However, I don't think this is the end of the...
This will be a nasty trap for the bulls. I think we will see a big pump up to the red trendline, and then all participants will be squeezed to the last dollar. This is not financial advice.
Nice bear flag on hourly chart. Have a nice short! This is not financial advice.
Then don't be shy, now is the time to do it. The cup is filled with liquid bitcoins waiting to be drunk. This is not financial advice.
It may be ugly, it may be crooked but internally it hides beauty. Discover it with me. The meeting takes place at station 17.5k. This is not financial advice.
Till you want to grab it and wave it to the bulls! See you at the 17.5k station! This is not financial advice.
But the earnings on the latter are limited in time, so hurry... or watch the lines touch its walls gently, like photons trapped inside looking for an escape route. This is not financial advice.
I think the latter, though. The wedge looks like an elaborately laid bull trap. Many are just waiting to enter a long, but that could be a big mistake. Generally speaking, when I see two patterns competing with each other I choose the one that I think is more pronounced, and this wedge does not look good to me. Of course I could be wrong, this is normal. Nothing...
It seems that I was looking at the wrong wedge(s) all along. Now that I look back at my previous ideas, it seems obvious. The time scale makes a difference. The problem with wedges is that they can evolve as time passes and something that was previously seen as a winding path now appears to be a single step in a larger structure. You can see what I mean by...