This is my take on the current situation.
BTC is currently on the support of the last high, this would be a perfect retest and a possible double bottom for BTC.
However, BTC is also forming a bearish triangle with a measured move going way below 10k.
I believe the crypto marked is trying to bottom,
The last few weeks the market has felt different, some ALT...
At the moment 1inch is performing a beautiful falling wedge running into support, a breakout of the falling wedge could result in 20% profit in the short term.
I believe that 1INCH has a lot of work to do before we see a complete double bottom.
I could imagine a breakout and then a retest of this same level putting in a last double bottom, givin us a bigger...
This INJ setup, is has a strong bottoming pattern.
To the left is a strong move down with a hard bounce. This level would be identified as a strong support level.
The marked continued to go down and the broke the support. it then flipped to resistance but right below INJ formed a rounding bottom and eventually broke through hard.
Now the price is coming down...
On the last TONE setup all targets got hit. (idea below)
Tone have been pulling back.
On the 8H chart you see a clear hidden bullish div.
on the 4H you see a possible elliot correction wave,
At the moment theres some bullish divergence on the rsi
and the MACD show early signs of a possible reversal
Tone got some strong resistens at .10 but this setup is...
I believe there's a high probability for a bullish breakout of this falling wedge
Most indicators looks bullish:
- Histogram could flip green
- MACD trying to make a bullish crossover
- Stochastic RSI heading higher.
- RSI shows a bearish divergence on 1H Chart,
its possible that we will se a double bottom based on that idea.
On a 4H chart there is a clear...
Heres a good retest for doge.
bullish indicators all across
the only one that dosnt give much is the MACD, but its a lagging indicator and its showing some
early signs of a reversal.
Stochastics very bullish
RSI shows a big inverse H&S
Histogram got hidden bullish divergence!
Measured move and target in the idea below
on my lateste update i viewed a possible H&S pattern, the pattern did complete but then the bulls came in and bought it up.
As i post this, the bears are trying hard to push the price down but the bull keeps buying it up.
This could be the launching pad for a new ATH.
A falling wedge that broke out, in a inverse H&S pattern that is now retesting.
BTC has slowly been pulling back in a falling wedge pattern.
It recently broke out, but didnt break overhead resistens at first try.
A retest of the pattern is a possiblility, but theres some bearish ideas present here.
For BTC to stay bullish, it has to bounce off the wedge.
then a move above 63646 to break resistens...
Bearish idea would be is BTC broke...