With that being said. Looks like a falling wedge to me. Let's see if the market makers allow for a break out.
Bulls... make it happen While we are already up here we need to push to test 10k again (hopefully break it) and move on. Other wise it's obvious this isn't looking good. Currently sitting on support right now , i see some sideways action before moving up again.
Hi everyone In my last chart , Bitcoin was definitely forming a Head And Shoulders even though it was a bit messy. I drew in what should have typically happened but gave a warning that it could just shoot up after right shoulder, and it did. I find it irresponsible of some people to bait people with their TA saying THIS WILL happen to btc and giving an...
I had this made from yesterday but didn't want to upload it. I don't like drawing in patterns when they look dis proportional but it still resembles a Head and Shoulders. The left shoulder and head line up so far, if Bitcoin rallies up and down to make this right shoulder we in theory should be going down and breaking those golden support lines. NOTE: TA is...
Bulls are head butting Bears on gdax order book. I feel they are gonna make a move up again soon to test that resistance above. If not we have some nice support below. Just a possible out come, i'm not trading btc though. I'm in alts and could care less if BTC keeps going sideways, as long as my alts pump it's all good.
Don't trade on anyones chart at the moment. There is really no clear direction imo and anyone giving 1 path BTC will follow is doing nothing but guessing or comparing bitcoin to previous years. We are in a weird zone where both sides aren't showing too much strength, Bears just a little stronger at time of making chart. -Purple line above may be used as...
Hi everyone, So regardless of what some indicators want to show, doesn't seem like bulls want to let this fall after all their hard work. They want to start off that fomo run so they can sit back and watch everyone make this thing take off. I can see some side ways upwards action, forming a Bullish flag. As you can see there was a big bear trap, the rising wedge...
Hi everyone , have to run to work but Basically this is a Bearish sign. Large Rising Wedge, if BTC was following general TA this is very Bearish and should break down soon falling out. But since Bitcoin is doing it's own thing... i am not sure on this one. I was extremely confident on my last chart because of watching the order book and realizing how strong the...
The nerve of these 'top' authors, click my previous chart. And click theirs from yesterday, compare. I almost want to get on my ignorant side One begs for likes after every update, even though he is usually 90% of the time wrong. And asks his viewers to pay for his program The other thinks he is a God of the charts even though in recent times ALL his calls were...
Looking at Gdax I haven't seen pushes like this in a while. We keep getting rejected, but they won't give up Bulls want that resistance broken! Careful for the double top though , i see a small drop if we double top 8300 and reject. 8k support, 7800-7900 stronger support. We shouldn't see a huge dump if we reject 8300, rather a bounce. BUT, if we break 8300...
Our favorite thing.... down trending We are so use to it, yet sick of it I'm thinking when Bitcoin meets the 50 ma it should bounce off. Use it as support Otherwise we keep following it down :(
No one can predict what is about to happen Don't be fooled into thinking anyones chart is certain All it takes is 2 whales to cause a massive sell off and liquidate longs Are we gonna burst out of this Bull Pennant, or get a mega dump?
Bitcoin tried to escape my triangle in my last chart. But got pulled back in with that large red Candle BearFlag formed now, we all know how this goes though. Possible Bear trap, and we go up instead My chart just shows what 'should' be happening in a normal scenario
analystnotes.com Hi guys! According to my research this is a Bearish sign. We were in a down trend before forming this triangle or wedge. If this plays out, it is a continuation of a downward movement. If we had been up trending into this Triangle, we would break out upwards. Be warned as i have said in previous charts BTC is not playing friendly to TA right now....
In typical scenarios this is a Bearish pattern... a basic one at that. Why do i have a feeling it will break out upwards? They could be painting this picture to trap others. It's happened on some of the previous bear flags, where it breaks out upwards then comes back down. This could be a bear trap, we could just go sideways... who knows. No trade zone for me
On my last chart i gave you that Pennant, that i commented meant nothing. It broke down in the beginning but bounced upwards after, manipulation is at play. So TA is incredibly hard to get accurate at the moment... As for now, Inverse Bart head on the 2h Will we create his neck line? Doesn't seem likely , 6900 has been a resistance for BTC as of recently. Bulls...
What's going on guys, i made some little adjustments to the last chart. Looks like a Bearflag in the making right now, although one of the wicks would be cut off. We are sitting on minor support right now, it is actually holding up quite nicely. We may get a little side ways action and or bounce from here. I wouldn't pay it too much attention My target is to get...
Usually a rising wedge like turns out bearish when it breaks down from it. Let's see how far it can take us, seems to be trying to go towards the 50 ema (blue line above) Right now with how manipulated the market is TA isn't the best to predict movements. Which ever group that is controlling BTC is doing whatever they can to throw off typical scenarios.